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438000000 769000000 297000000 -8908000000 5243000000 -322000000 -37412000000 -28134000000 -2731000000 192208000000 220342000000 223073000000 154796000000 192208000000 220342000000 7357000000 9253000000 8621000000 135330000000 170914000000 199932000000 9594000000 12041000000 11789000000 0 0 0 152281000000 192208000000 220342000000 0 0 0 2515000000 0 0 Introduction, basis of presentation of the consolidated financial statements (consolidated annual accounts) and other information<div style="margin-bottom:6pt;margin-top:9pt"><span id="i77528bda2ffa40d693c9b52c4c5de603"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Introduction</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. ('the parent' or 'Banco Santander'), is a private-law entity subject to the rules and regulations applicable to banks operating in Spain, where it was constituted and currently maintains its legal domicile, which is paseo de Pereda, numbers 9 to 12, 39004, Santander, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The principal headquarters of Banco Santander are located in Ciudad Grupo Santander, Avenida Cantabria s/n, 28660, Boadilla del Monte, Madrid, Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The corporate purpose of Banco Santander, S.A. mainly entails carrying out all kinds of activities, operations and services inherent to the banking business in general and permitted by current legislation, and the acquisition, holding, enjoyment and disposal of all kinds of securities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the operations carried on directly by it, Banco Santander is the head of a group of subsidiaries that engage in various business activities and which compose, together with it, Grupo Santander ('Santander' or 'the Group'). Therefore, Banco Santander is obliged to prepare, in addition to its own separate financial statements, the Group's consolidated financial statements, which also include the interests in joint ventures and investments in associates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander consisted of 755 subsidiaries of Banco Santander, S.A. In addition, other 191 companies are associates of the Group, joint ventures or companies of which the Group holds more than 5% (excluding the Group companies of negligible interest with respect to the fair presentation that the annual accounts must express).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander consolidated financial statements for 2023 were approved by the shareholders at the group´s annual general meeting on 22 March 2024. Grupo Santander consolidated financial statements for 2024 were approved by the shareholders at the group´s annual general meeting on 4 April 2025. The Group's 2025 consolidated financial statements, the financial statements of the parent and of substantially all the Group companies have not been approved yet by their shareholders at the respective annual general meetings. However, Banco Santander board of directors considers that the aforementioned financial statements will be approved without any significant changes.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_847"></div><div style="margin-bottom:6pt"><span id="iec0a94ffd1fd41a3afa9feb654b1cf53"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Basis of presentation of the consolidated financial statements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January 2005 in conformity with the International Financial Reporting Standards ('IFRS') previously adopted by the European Union ('EU-IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats and the following regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Particularly, during 2025 and 2023, the Bank of Spain published Circulars 1/2025 of 19 December of 2025, and 1/2023 of 24 February of 2023, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander consolidated financial statements for 2025 were authorised by the Bank's directors (at the board meeting on 24 February 2026) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2025, 2024 and 2023 and the consolidated results of its operations and the consolidated cash flows in 2025, 2024 and 2023. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board ('IFRS – IASB' and together with IFRS adopted by the European Union, 'IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information contained in the consolidated income statement has been reclassified as a result of the change in the presentation for certain charges at 31 December 2025 in the amount of EUR 427 million, mainly levies and other expenses, of which EUR 359 million have been reclassified from the line item 'Other provisions' to the line item 'Other operating expenses'. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5c5935c78f4d4dd7be2c8ba299bbc585"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Adoption of new standards and interpretations issued</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following modifications came into force and were adopted by the European Union in 2025: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 21 Effects of changes in foreign currency exchange rates: IAS 21 established the requirements to apply when there is a temporary lack of interchangeability between two currencies, but did not give indications when this situation was not temporary. Given this scenario, IAS 21 has been modified establishing the criteria to identify these situations, specifying how entities should estimate the spot exchange rate, the methodologies and data to be considered, as well as the associated disclosure requirements. This modification was applied in advance by the Group on 31 December 2024. For more information, see Note 2.a.iv.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The application of the aforementioned amendment to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2025:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures: (i) amendments to classification and measurement requirements related to the assessment of contractual cash flows of certain financial assets (with ESG characteristics, non-recourse or contractually linked); (ii) an accounting policy option for the derecognition of financial liabilities settled through an electronic payment system is included; (iii) the disclosure requirements related to equity instruments designated at fair value through other comprehensive income are amended; (iv) disclosure requirements are included for financial instruments with contingent characteristics that may modify their contractual cash flows. These amendments will be applicable from 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 and IFRS 7 - Nature-dependent electricity contracts for electricity contracts dependent on energy sources and susceptible to variations due to uncontrollable factors, such as weather conditions, this modification: (i) clarifies the application of the 'own use' requirements; (ii) allows hedge accounting if these contracts were used as hedging instruments; and, (iii) adds new filing requirements for greater clarity on the impact of these contracts. These modifications will be applicable form 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1 Presentation of Financial Statements, (i) improves the comparability of the income statement by defining its structure into three categories (operating, investing, and financing) and presenting defined subtotals, including operating profit; (ii) breaks down in the financial statements certain management-defined performance measures related to the income statement; and (iii) improves the aggregation of information for disclosure in the financial statements or notes. The new standard will be applicable from 1 January 2027.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IFRS Improvement Cycle: introduces minor amendments, effective from 1 January 2026, to the following standards:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 1 First-time Adoption of International Financial Reporting Standards, for hedge accounting in first adoption.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 7 Financial Instruments: Disclosures: updated references and alignment with IFRS 13, as well as clarifications in the Implementation Guidance.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 9 Financial Instruments: amendment to apply derecognition criteria to lease liabilities recorded by the lessee and replacement of the term 'transaction price' with 'the amount determined in accordance with IFRS 15'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS10 Consolidated Financial Statements: Determining a 'de facto agent'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 7 Statement of Cashflows: replacing the term 'cost method' with 'cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2025 had not yet been adopted by the European Union:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: this new standard works alongside other IFRS Accounting Standards. An eligible subsidiary applies the requirements in other IFRS Accounting Standards except for the disclosure requirements and instead applies the reduced disclosure requirements in IFRS 19. A subsidiary is eligible if: (i) it does not have public accountability; and (ii) it has an ultimate or intermediate parent that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards. Applicable from 1 January 2027. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: these new amendments help eligible subsidiaries reduce disclosures related to IFRS standards and amendments issued between February 2021 and May 2024. With these amendments, IFRS 19 reflects the IFRS changes that will take effect up to 1 January 2027, when IFRS 19 will become applicable.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IAS 21 The effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency: establishes how to translate financial statements when the presentation currency is subject to hyperinflation. Requires converting all amounts, including comparatives, at the closing exchange rates and restating them in accordance with IAS 29. Furthermore, introduces additional disclosures to enhance comparability and reduce diversity in practice. Applicable from 1 January 2027, with early application permitted. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application.</span></div></div></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group completed the project to adapt its accounting policies relating to hedging transactions to the hedge accounting requirements set out in IFRS 9 (see Note 2.d.v). The main impacts of this change on the accounting for hedging relationships are primarily due to: (i) the mandatory separation of the time value of options (when the hedged risk is the intrinsic value); (ii) and the optional separation of the forward element of foreign exchange forward contracts for all hedges, as well as (iii) the separation of the foreign currency basis spread of a foreign exchange derivative for each hedging relationship. The application of these options to hedges designated before 31 December 2024 did not have a material impact on the Group's consolidated statement of financial position or consolidated profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2025 were applied in the preparation of these consolidated annual accounts.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic5631b4734934331b08987495b30ceec"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Use of accounting estimates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by Banco Santander in preparing the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main accounting policies and measurement bases are set forth in note 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see Notes 6, 7, 10, 12, 13, 16, 17, 18 and 54).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The useful life of the tangible and intangible assets (see Notes 16 and 18).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of the impairment in goodwill arising on consolidation (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The calculation of provisions and the consideration of contingent liabilities (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of certain unquoted assets and liabilities (see Notes 6, 7, 8, 9, 10, 11, 20, 21 and 22).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The recoverability of deferred tax assets (see Note 27).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of assets under reinsurance contracts and liabilities under insurance contracts (see Note 15).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario, characterized by persistent geopolitical tensions and changing financial conditions, as well as the evolution of monetary and fiscal policies in major economies. The analysis also considers developments in interest rates, credit spreads, and currency movements, along with labor market trends in the geographies where the Group operates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group's management has evaluated in particular the uncertainties caused by the current environment in relation to credit risk, maintaining active oversight of clients in geographies and sectors more exposed to international trade tensions, global geopolitical uncertainty and the impact of public debt containment policies or fiscal stimulus measures, liquidity and market risks, taking into account the best available information, to estimate the impact on the credit portfolio's impairment provision, and in the debt instruments' interest rates and valuation, developing in the notes the main estimates made during the period ended December 31, 2025 (see notes 10, 17, 50 and 54). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Although these estimates have been made on the basis of the best information available at the end of the year 2025, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement. </span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ica94a5d04b5b4435bfdf221d2b51bbbd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Information relating to 2024 and 2023</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information in the consolidated income statement from 2024 and 2023 has been restated, as a result of the agreement for the sale of Santander Bank Polska S.A. by Grupo Santander, as required by IFRS 5 (see, mainly, Notes 3 and 37, as well as the rest of the notes of the profit and loss account).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the segment information corresponding to the years ended 31 December 2024 and 2023 has been restated, in accordance with the changes in the segments' composition of Grupo Santander, as required by IFRS 8 (see note 52).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information contained in the consolidated income statements relating to the periods 2024 and 2023 has been modified as a result of the retrospective application of the change in the presentation for certain charges in the amounts of EUR 403 million and EUR 352 million, respectively (see Note 1.b).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to interpret the changes in the balances with respect to 31 December 2025, it is necessary to take into consideration the exchange rate effect arising from the volume of foreign currency balances held by Grupo Santander in view of its geographic diversity (see note 52.b) and the impact of the appreciation/depreciation of the various currencies against the euro in 2025, based on the exchange rates at the end of 2025: Mexican peso (2.05%), US dollar (-11.62%), Brazilian real (-0.47%), Argentinian peso (-37.23%), Sterling pound (-4.99%), Chilean peso (-2.57%), and Polish zloty (1.30%); as well as the evolution of the comparable average rates: Mexican peso (-8.95%), US dollar (-4.15%), Brazilian real (-7.86%), Sterling pound (-1.20%), Chilean peso (-4.90%) and Polish zloty (1.56%).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i41c300dff0b949d19329278ce1680516"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Capital management</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i212efa7d58ed46bd842e545ff56a9c9d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Regulatory and economic capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit institutions must comply with a set of minimum capital and liquidity requirements. These minimum requirements are regulated by the European Capital Requirements Regulation (CRR), which is directly applicable within the Spanish legal framework, and by the Capital Requirements Directive (CRD).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 June 2024, the final texts of the update to the banking package were published in the Official Journal of the European Union: Regulation (EU) 2024/1623 (hereinafter, CRR 3), which amends the CRR with regard to requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the floor on risk-weighted assets (known as the output floor), as well as Directive (EU) 2024/1619 (hereinafter, CRD VI), which amends the CRD as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The update to the banking package aims, on the one hand, to implement the final Basel III reforms and, on the other, to strengthen the harmonisation of banking supervision within the European Union (EU).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">CRR 3, applicable since 1 January 2025, introduce greater risk sensitivity into standardised approaches, reduce the variability of risk-weighted assets among banks using internal models to calculate capital requirements, and enhance comparability across banks. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under CRD VI, the ambition to achieve more robust supervision and to safeguard financial stability is reflected in a set of rules affecting fit-and-proper requirements, an extended scope resulting from the revision of certain definitions, and new provisions regarding the establishment of third-country branches in the EU, with the aim of achieving greater regulatory harmonisation and improved supervision of this type of entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Although most CRR 3 provisions apply since 1 January 2025, for certain provisions the regulator has established a gradual implementation (phase-in) period until 2030 in order to give the industry sufficient time to build up the capital required to meet the requirements on a fully loaded basis.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding Market Risk, the European Commission and the European Parliament have approved an additional 12-month delay to the entry into force of the new market risk capital framework, or FRTB, until 1 January 2027. Beyond this date, the CRR 3 does not allow for any further delay, as postponements are limited to two years. This delay also covers other provisions, such as the separation between the trading book and the banking book, the internal risk transfer regime, etc.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CRR 3/CRD VI package contains 140 mandates for the EBA to develop Level 2 or Level 3 legislation (regulatory technical standards, implementing technical standards and guidelines—RTS, ITS and GL, for their acronyms) and to issue opinions and reports to further specify certain aspects of the regulation. In this context, the EBA published its roadmap (EBA Roadmap) at the end of 2023, structuring the implementation of the banking package around four sequential phases, under which the authority will address the various mandates in an orderly manner based on their latest legal application dates (up to four years after the entry into force of CRR 3 and CRD VI). In addition, at the end of 2024, the EBA published its 2025 work programme, setting out the guidelines for addressing these mandates during the year. This has resulted in the publication of various consultations throughout the year on RTS, ITS and Guidelines, such as, for example:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) on off-balance-sheet exposures and unconditionally cancellable commitments</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) on material changes to IRB models and model extensions</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Revision of the Guidelines on the revised definition of default</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on operational risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its 2025 Work Programme, the EBA undertook, among other initiatives, the revision of the SREP Guidelines, the consultation for which was published on 24 October, with the aim of updating them based on three pillars: legislative changes (CRR 3 and CRD VI, IRRBB/CSRBB, DORA, etc.), lessons learned, and structural changes intended to improve the usability of the Guidelines. The consultation period was set to run until early February 2026, and following the conclusion of the consultation process, the Guidelines are expected to enter into force on 1 January 2027.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 28 July 2025, the ECB published a revised version of its Guide to Internal Models, with the objective of reflecting the regulatory changes introduced by CRR 3 in relation to internal models for credit, counterparty credit and market risk; clarifying supervisory expectations for internal models that make use of machine learning; and enhancing transparency and supervisory harmonisation. This revision builds on the experience accumulated by the ECB since the first publication of the Guide in 2019.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 July 2025, the ECB also published the final Guide on Options and Discretions, following a consultation process launched in November 2024. The Guide introduces clarifications and adjustments to the treatment of market risk and operational risk, as well as to the conditions under which minority interests may be included in group capital, among other aspects.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding resolution regulation, institutions are required to maintain an adequate funding structure to ensure that, in the event of financial distress, they hold sufficient liabilities to absorb losses and either restore viability or be resolved while safeguarding depositor protection and financial stability. To this end, global systemically important institutions are subject to minimum loss-absorbing capacity requirements, namely Total Loss-Absorbing Capacity (TLAC) and the Minimum Requirement for own funds and Eligible Liabilities (MREL), as regulated under CRR 3 and the Bank Recovery and Resolution Directive (BRRD).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 October 2022, a regulation on the prudential treatment of global systemically important institutions was published, amending both the CRR and the BRRD with respect to the prudential treatment of G-SIBs with a multiple point of entry (MPE) resolution strategy, as well as the methods for the indirect subscription of eligible instruments (daisy chains) for the purpose of meeting MREL requirements. This regulation, known as the Resolution 'Quick Fix', pursues two main objectives:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The inclusion in the BRRD and CRR 3 of references to third-country subsidiaries allowing for adjustments to the deduction for holdings of TLAC instruments issued by such subsidiaries, based on excess TLAC/MREL at subsidiary level, as well as adjustments in cases where the aggregate own funds and eligible liabilities requirements of a G-SIB under an MPE strategy exceed the theoretical requirements of the same group under a single point of entry (SPE) strategy. This adjustment is therefore based on a comparison between the two possible resolution strategies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The introduction of a deduction regime for holdings of MREL instruments through entities within the same resolution group other than the resolution entity. The Regulation establishes a deduction at the level of the intermediate entity within the daisy chain that repurchases the instruments. As a result, the intermediate entity is required to issue an equivalent amount, thereby transferring internal MREL needs to the resolution entity, which will cover them with external MREL.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, in 2025 the EBA published the Final Report on the draft Implementing Technical Standards (ITS) on resolution planning, aimed at further harmonising reporting requirements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding Deposit Guarantee Schemes (DGS), these are regulated under the Deposit Guarantee Schemes Directive (DGSD), which has not undergone substantial amendments since its publication in 2014. The Directive aims to harmonise DGS across Member States to ensure stability and consistency across countries. It establishes an appropriate framework to improve depositor access to DGS through a clear scope of coverage, short repayment periods, enhanced information, and robust funding requirements. The Directive has been transposed into Spanish law through Royal Decree 2606/1996, as amended by Royal Decree 1041/2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To ensure the protection of depositors, DGS collect financial resources through contributions from their members, which must be paid at least annually. These annual contributions are determined based on the number of covered deposits and the risk profile of the institutions affiliated with the DGS. The methodology for calculating contributions is set out in the EBA Guidelines (EBA/GL/2023/02).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In June 2025, the Council and the European Parliament reached a political agreement, which still needs to be finalized at a technical level as a prerequisite for its final formal approval.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within the sustainability field from a prudential perspective, the implementation of the CRR 3/CRD VI package has progressed, introducing specific requirements to integrate environmental, social and governance (ESG) risks into the prudential framework. With the aim of assessing whether a specific prudential treatment is warranted, the CRR establishes three mandates: to assess the availability of ESG risk data; to evaluate the effective risk profile of exposures affected by environmental or social factors; and to analyse the potential effects on financial stability of differentiated prudential treatment, with a view to possible legislative proposals by 31 December 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the CRR 3/CRD VI package introduces disclosure requirements on ESG risks, reporting of ESG risk exposures to competent authorities, and an obligation for institutions to develop specific plans for managing financial risks arising from ESG factors, including those related to transition trends.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, the EBA published in January 2025 the Guidelines on the Management of ESG Risks, fulfilling the CRD VI mandate to structurally integrate ESG risks into the European prudential framework. These Guidelines set out minimum standards and reference methodologies for the identification, measurement, management and monitoring of ESG risks, as well as their proper integration into internal governance processes, risk appetite frameworks and strategic planning. The Guidelines also specify minimum requirements for the development of transition plans, which must include metrics, quantifiable targets and time-bound milestones aligned with institutions’ sustainability strategies and prudential requirements. Their application will be mandatory from 11 January 2026, consolidating a prudential framework that strengthens the systematic consideration of ESG risks in supervisory and risk management processes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the international level, the Basel Committee on Banking Supervision (BCBS) has continued to advance work on ESG-related standards. In June 2025, the Committee published a voluntary framework for the disclosure of climate-related financial risks, aimed at guiding internationally active banks in the provision of qualitative and quantitative information on their exposures to physical and transition risks. The framework acknowledges the still nascent state of climate data availability, consistency and quality, and therefore adopts a flexible approach that allows for the use of different metrics and methodologies. While its adoption will depend on jurisdictional decisions, the Committee considers this framework an important step towards enhancing transparency and international comparability of climate risk disclosures and intends to monitor its implementation with a view to potential future revisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the digital field, due to the increase in international crypto assets activities, the EU is moving forward with the integration of Basel standards on crypto-assets through the mandate set out in CRR 3, which will enable the establishment of a harmonised prudential treatment once the legislative process is completed. In fulfilment of the CRR 3 mandate, the EBA has finalised and published the draft Regulatory Technical Standards (RTS) applicable to the calculation of own funds requirements for crypto-asset exposures.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 Grupo Santander met the minimum capital requirements established by current legislation (see note 54.d). Additionally, it should be noted that the Group has filed an appeal with the Court of Justice of the European Union (CJEU) requesting the annulment of a decision by the European Central Bank (ECB) related to the treatment of deferred tax assets generated at Banco Santander Brasil, which, if resolved favourably, would have a positive impact of approximately 20 basis points on the Group's CET1, using the amounts at the end of the year.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie70a1de3b55a44b49271d59845b59f5e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Environmental impact</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In view of the business activities carried on by the Group entities, the Group does not have any environmental liability, expenses, assets, provisions or contingencies that might be material with respect to its consolidated equity, financial position or results (see note 54.a).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i473fe5075f69455fbd86999117be9fde"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Events after the reporting perio</span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 9 January 2026, after obtaining the necessary regulatory approvals and fulfilling the conditions for closing, the Group completed the sale of 49% of the share capital of Santander Bank Polska S.A. and 50% of the share capital of Santander Towarzystwo Funduszy Inwestycyjnych S.A. (TFI, the asset management business in Poland) to Erste Group Bank AG for a total cash amount of approximately EUR 7,000 million. The transaction generated a net capital gain of approximately EUR 1,900 million, which will be recognized in the consolidated income statement for the 2026 financial year. Santander holds the 9.7% of Santander Polska's share capital. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transaction resulted in the loss of effective control over the entity, and therefore, effective as of 9 January 2026, Santander Bank Polska S.A. will cease to be consolidated using the global integration method in the Group's consolidated financial statements from that date forward.</span></div>Additionally, on 3 February 2026, Banco Santander, S.A. ('Santander') announced that it had reached an agreement to acquire Webster Financial Corporation ('Webster'), the parent company of Webster Bank, N.A., for approximately USD 12,200 million (around EUR 10,300 million). Webster shareholders will receive USD 48.75 in cash and 2.0548 Santander shares for each Webster share, resulting in a total consideration of USD 75 per Webster share. Completion of the transaction is expected to take place in the second half of 2026 subject to the customary conditions for this type of operations, including obtaining the relevant regulatory approvals and the approvals of both Webster's and Santander's shareholders. 755 191 0.05 Basis of presentation of the consolidated financial statements<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Regulation (EC) n.º 1606/2002 of the European Parliament and of the Council of 19 July 2002 all companies governed by the law of an EU Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements for the years beginning on or after 1 January 2005 in conformity with the International Financial Reporting Standards ('IFRS') previously adopted by the European Union ('EU-IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to adapt the accounting system of Spanish credit institutions with the principles and criteria established by the IFRS adopted by the European Union ('EU-IFRS'), the Bank of Spain published circular 4/2017, dated 27 November 2017, on Public and Confidential Financial Reporting Standards and Financial Statement Formats and the following regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Particularly, during 2025 and 2023, the Bank of Spain published Circulars 1/2025 of 19 December of 2025, and 1/2023 of 24 February of 2023, amending Circular 4/2017 of 27 November to credit institutions on Public and Confidential Financial Reporting Standards and Financial Statement Formats.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander consolidated financial statements for 2025 were authorised by the Bank's directors (at the board meeting on 24 February 2026) in accordance with International Financial Reporting Standards as adopted by the European Union and with Bank of Spain circular 4/2017 and subsequent modifications, and Spanish corporate and commercial law applicable to the Group, using the basis of consolidation, accounting policies and measurement bases set forth in note 2, accordingly, they present fairly the Group's equity and financial position at 31 December 2025, 2024 and 2023 and the consolidated results of its operations and the consolidated cash flows in 2025, 2024 and 2023. These consolidated annual accounts have been prepared on the basis of the accounting records held by Banco Santander and by each of the other companies of the Group, and include the adjustments and reclassifications required to standardise the accounting policies and valuation criteria applied by Grupo Santander. The consolidated financial statements are also in compliance with IFRS as issued by the International Accounting Standards Board ('IFRS – IASB' and together with IFRS adopted by the European Union, 'IFRS').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notes to the consolidated financial statements contain additional information to that presented in the consolidated balance sheet, consolidated income statement, consolidated statement of recognised income and expense, consolidated statement of changes in total equity and consolidated statement of cash flows. The notes provide, in a clear, relevant, reliable and comparable manner, narrative descriptions and breakdowns of these statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The information contained in the consolidated income statement has been reclassified as a result of the change in the presentation for certain charges at 31 December 2025 in the amount of EUR 427 million, mainly levies and other expenses, of which EUR 359 million have been reclassified from the line item 'Other provisions' to the line item 'Other operating expenses'. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:112%">The figures of the consolidated annual accounts are presented in millions of euros unless another alternative monetary unit is indicated, rounded to the nearest million unit.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5c5935c78f4d4dd7be2c8ba299bbc585"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Adoption of new standards and interpretations issued</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following modifications came into force and were adopted by the European Union in 2025: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 21 Effects of changes in foreign currency exchange rates: IAS 21 established the requirements to apply when there is a temporary lack of interchangeability between two currencies, but did not give indications when this situation was not temporary. Given this scenario, IAS 21 has been modified establishing the criteria to identify these situations, specifying how entities should estimate the spot exchange rate, the methodologies and data to be considered, as well as the associated disclosure requirements. This modification was applied in advance by the Group on 31 December 2024. For more information, see Note 2.a.iv.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The application of the aforementioned amendment to accounting standards and interpretations did not have any material effects on Grupo Santander consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, at the date of approval of these consolidated annual accounts, the following standards which effectively came into force have effective dates after 31 December 2025:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures: (i) amendments to classification and measurement requirements related to the assessment of contractual cash flows of certain financial assets (with ESG characteristics, non-recourse or contractually linked); (ii) an accounting policy option for the derecognition of financial liabilities settled through an electronic payment system is included; (iii) the disclosure requirements related to equity instruments designated at fair value through other comprehensive income are amended; (iv) disclosure requirements are included for financial instruments with contingent characteristics that may modify their contractual cash flows. These amendments will be applicable from 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%;padding-left:3.11pt">Amendments to IFRS 9 and IFRS 7 - Nature-dependent electricity contracts for electricity contracts dependent on energy sources and susceptible to variations due to uncontrollable factors, such as weather conditions, this modification: (i) clarifies the application of the 'own use' requirements; (ii) allows hedge accounting if these contracts were used as hedging instruments; and, (iii) adds new filing requirements for greater clarity on the impact of these contracts. These modifications will be applicable form 1 January 2026. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1 Presentation of Financial Statements, (i) improves the comparability of the income statement by defining its structure into three categories (operating, investing, and financing) and presenting defined subtotals, including operating profit; (ii) breaks down in the financial statements certain management-defined performance measures related to the income statement; and (iii) improves the aggregation of information for disclosure in the financial statements or notes. The new standard will be applicable from 1 January 2027.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IFRS Improvement Cycle: introduces minor amendments, effective from 1 January 2026, to the following standards:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 1 First-time Adoption of International Financial Reporting Standards, for hedge accounting in first adoption.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 7 Financial Instruments: Disclosures: updated references and alignment with IFRS 13, as well as clarifications in the Implementation Guidance.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 9 Financial Instruments: amendment to apply derecognition criteria to lease liabilities recorded by the lessee and replacement of the term 'transaction price' with 'the amount determined in accordance with IFRS 15'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS10 Consolidated Financial Statements: Determining a 'de facto agent'.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IAS 7 Statement of Cashflows: replacing the term 'cost method' with 'cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">Finally, at the date of approval of these consolidated annual accounts, the following standards which effectively come into force after 31 December 2025 had not yet been adopted by the European Union:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: this new standard works alongside other IFRS Accounting Standards. An eligible subsidiary applies the requirements in other IFRS Accounting Standards except for the disclosure requirements and instead applies the reduced disclosure requirements in IFRS 19. A subsidiary is eligible if: (i) it does not have public accountability; and (ii) it has an ultimate or intermediate parent that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards. Applicable from 1 January 2027. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">IFRS 19 Subsidiaries without Public Accountability: Disclosures: these new amendments help eligible subsidiaries reduce disclosures related to IFRS standards and amendments issued between February 2021 and May 2024. With these amendments, IFRS 19 reflects the IFRS changes that will take effect up to 1 January 2027, when IFRS 19 will become applicable.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amendments to IAS 21 The effects of Changes in Foreign Exchange Rates: Translation to a Hyperinflationary Presentation Currency: establishes how to translate financial statements when the presentation currency is subject to hyperinflation. Requires converting all amounts, including comparatives, at the closing exchange rates and restating them in accordance with IAS 29. Furthermore, introduces additional disclosures to enhance comparability and reduce diversity in practice. Applicable from 1 January 2027, with early application permitted. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander is currently analyzing the possible effects of these new standards and interpretations, and unless expressly indicated otherwise, no significant impacts are expected from their application.</span></div></div></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group completed the project to adapt its accounting policies relating to hedging transactions to the hedge accounting requirements set out in IFRS 9 (see Note 2.d.v). The main impacts of this change on the accounting for hedging relationships are primarily due to: (i) the mandatory separation of the time value of options (when the hedged risk is the intrinsic value); (ii) and the optional separation of the forward element of foreign exchange forward contracts for all hedges, as well as (iii) the separation of the foreign currency basis spread of a foreign exchange derivative for each hedging relationship. The application of these options to hedges designated before 31 December 2024 did not have a material impact on the Group's consolidated statement of financial position or consolidated profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All accounting policies and measurement bases with a material effect on the consolidated financial statements for 2025 were applied in the preparation of these consolidated annual accounts.</span></div> 427000000 -359000000 359000000 Use of accounting estimates<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The consolidated results and the determination of consolidated equity are sensitive to the accounting policies, measurement bases and estimates used by Banco Santander in preparing the consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main accounting policies and measurement bases are set forth in note 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements estimates were occasionally made by the senior management of Grupo Santander in order to quantify certain of the assets, liabilities, income, expenses and obligations reported herein. These estimates, which were made on the basis of the best information available, relate basically to the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The impairment losses on certain assets: it applies to financial assets at fair value through other comprehensive income, financial assets at amortised cost, non-current assets held for sale, investments, tangible assets and intangible assets (see Notes 6, 7, 10, 12, 13, 16, 17, 18 and 54).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The assumptions used in the actuarial calculation of the post-employment benefit liabilities and commitments and other obligations (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The useful life of the tangible and intangible assets (see Notes 16 and 18).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of the impairment in goodwill arising on consolidation (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The calculation of provisions and the consideration of contingent liabilities (see Note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of certain unquoted assets and liabilities (see Notes 6, 7, 8, 9, 10, 11, 20, 21 and 22).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The recoverability of deferred tax assets (see Note 27).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair value of the identifiable assets acquired and the liabilities assumed in business combinations in accordance with IFRS 3 (see Note 17).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The measurement of assets under reinsurance contracts and liabilities under insurance contracts (see Note 15).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To update the previous estimates, the Group's management has taken into account the current macroeconomic scenario, characterized by persistent geopolitical tensions and changing financial conditions, as well as the evolution of monetary and fiscal policies in major economies. The analysis also considers developments in interest rates, credit spreads, and currency movements, along with labor market trends in the geographies where the Group operates. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group's management has evaluated in particular the uncertainties caused by the current environment in relation to credit risk, maintaining active oversight of clients in geographies and sectors more exposed to international trade tensions, global geopolitical uncertainty and the impact of public debt containment policies or fiscal stimulus measures, liquidity and market risks, taking into account the best available information, to estimate the impact on the credit portfolio's impairment provision, and in the debt instruments' interest rates and valuation, developing in the notes the main estimates made during the period ended December 31, 2025 (see notes 10, 17, 50 and 54). </span></div>Although these estimates have been made on the basis of the best information available at the end of the year 2025, and considering information updated at the date of preparation of these consolidated annual accounts, it is possible that events that may take place in the future may make it necessary to modify them (upwards or downwards) in the coming years, which would be done, if appropriate, in a prospective manner, recognising the effects of the change in estimate in the corresponding consolidated income statement. 403000000 352000000 0.0205 -0.1162 -0.0047 -0.3723 -0.0499 -0.0257 0.0130 -0.0895 -0.0415 -0.0786 -0.0120 -0.0490 0.0156 0.0020 0.49 0.50 -7000000000 1900000000 0.097 12200000000 10300000000 48.75 2.0548 75 <div style="margin-bottom:6pt"><span id="i6c87437ff51a472999bdb1c94b145450"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">2. Accounting p</span><span style="color:#ee2724;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">olicies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting policies applied in preparing the consolidated financial statements were as follows:</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i313075a9d33d42f0964c13ee80431ee7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Foreign currency transactions</span></div><div style="margin-bottom:3pt"><span id="i32af6d7657084157bd41fbca042d4a16"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:115%">i. Presentation currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if390cf64de9b4b70a7214304d13a92d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Translation of foreign currency balances</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency balances are translated to euros in two consecutive stages:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i038cd23e6ca643d4819cd5041865c4b7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of foreign currency to the functional currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union ('EMU') countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i18072ffb95a34673a45789fb5332e5c4"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of functional currencies to euros</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Assets and liabilities, at the closing rates.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Income and expenses, at the average exchange rates for the year.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Equity items, at the historical exchange rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia47d2d78cd61478f8daf4a551a61006e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Recognition of exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ie550674534bb4738b172fb9dfd58a54d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Entities located in hyperinflationary economies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">All components of the financial statements of the subsidiary are translated at the closing exchange rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Grupo Santander decided to apply an alternative exchange rate for the conversion of its Argentine business in the preparation of its consolidated annual accounts. This decision stemmed from the divergence observed between the official exchange rate and certain macroeconomic variables, primarily inflation, coupled with the fact that for certain transactions, such as the repatriation of dividends, the exchange rate implied in orderly transactions between market participants did not correspond to the official exchange rate. As of 31 December 2024, the alternative exchange rate used was based on the CCL dollar ('c</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">ontado con liquidación'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">), which is the exchange rate resulting from the sale in US dollars of local bonds denominated in Argentine pesos (bonds with dual peso dollar/denomination). At that date, this rate did not differ significantly from other market rates.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">From the second quarter of 2025, and considering the liberalization of the foreign exchange market and the elimination of restrictions on the purchase of foreign currency by individuals, and the value of this CCL dollar exchange rate did not differ significantly from other market rates and the official exchange rate, Grupo Santander started using the official exchange rate as a reference once again. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation during 2025, according to the national consumer price index published by the National Statistics and Census Institute, wa</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">s 31.5% for the year (117.8% at 31 December 2024). The official exchange rate as 31 December 2025 was 1,706.38 Argentine pesos per euro (1,071.16 Argentine pesos per euro </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at 31 December 2024). The exchange rate applied by the Group as at 31 December 2024 was 1,232.39 Argentine pesos per euro.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">onary economy in accordance with the criteria establ</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ished in this regard by the International Financial Reporting Standards adopted by the European Union. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i84b8f9220b604b46b4cbd974862c94c9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Exposure to foreign currency risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135.0)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(168.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88.1)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141.2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.3)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.5)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137.8 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.7 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The above data were obtained as follows:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)    Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)    Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i7e4cbf6a510148feb7d656255369d612"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Basis of consolidation</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i7ea75d2224d24132ad0d68788a875a0f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note 17). Negative differences are recognised in profit or loss on the date of acquisition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note 28). Their share of the profit for the year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50% and in where other elements exist which, considered together, would grant give it decision-making power over its relevant activities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the subsidiaries.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i38d586ae55fc4821b1ffac137bad82be"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Interests in joint ventures</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain relevant information on the joint ventures.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt"><span id="i91876a6de5e5419ca945e452a331186a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in associates are accounted for using the equity method, with the same criteria applicable to shares in joint ventures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. As of 31 December 2024 and 2023, the investment in Project Quasar Investments 2017, S.L. was in this situation, despite maintaining a 49% stake in the share capital. The rest of the investments are not significant for the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the associates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9d9e2713fdf44f24b2f9f981a1485b35"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:125%">iv. Structured entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In some cases, Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes. Those entities are called 'structured entities' and they are characterized by the fact that since the voting, or similar power is not a key factor in deciding who controls the entity. The control is determined by using internal criteria and procedures and taking into consideration the applicable legislation, as described above. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Percentage of ownership held by Grupo Santander; 20% is established as the general threshold.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exposure associated with unconsolidated structured entities, additional to investments in the equity of investment funds (note 8), are not material with respect to the Group’s consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i0b07bb2d7be5496db27d6abd8f73d1ed"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Business combinations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any positive difference between the aforementioned items is recognised as discussed in note 2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill is only calculated and recognised once, when control of a business or an entity is obtained.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6a769ab0d2a443dab0214ae16c9258bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">vi. Changes in the levels of ownership interests in subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_877"></div><div style="margin-bottom:3pt"><span id="ib580f35b45a145e6860563a14557fd91"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Classification of financial instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or an equity instrument of another entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following transactions are not treated for accounting purposes as financial instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investments in associates and joint venture when accounted for using the equity method in accordance with IAS 28 (see note 13).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Rights and obligations under employee benefit plans recognized in accordance with IAS 19 (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Insurance contracts and the rights and obligations directly arising from them, within the scope of IFRS 17 (see note 15).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contracts and obligations relating to employee remuneration based on own equity instruments accounted for in accordance with IFRS 2 (see note 34).</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i590d74e518514c8197e9c502f9837b18"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Classification of financial assets for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">How key entity staff are assessed and reported on the performance of the business model and the financial assets held in the business model.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The way in which business managers are remunerated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The frequency, the calendar and volume of sales in previous years, as well as expectations of future sales and the reasons of the sales.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the characteristics of the contractual cash flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, contractual clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">When contractual clauses that may modify the cash flows of the financial asset exist, the structure of the cash flows before and after the activation of such clauses is analysed, regardless of the probability of occurrence of the contingent event. The evaluation of contractual flows of financial assets with characteristics associated with ESG (Environmental, Social and Governance) is included in this analysis. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitization instruments or similar structures) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of analyzed segment does not exceed the average exposure of the underlying assets of the instrument.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on these factors, the financial assets classify for measurement as: (i) at amortised cost, (ii) at fair value with changes in other comprehensive income or (iii) at fair value with changes through profit and loss. IFRS 9 also establishes an option to irrevocably designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses the following criteria for the classification of the financial debt instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amortised cost: financial instruments managed under a business model whose objective is to hold the financial assets to collect contractual principal and interest flows. This category includes instruments for which there are no frequent or significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, justified sales are considered to be those related to an (i) increase in the credit risk of the asset, (ii) unanticipated funding needs (stress case scenarios) and (iii) those close to maturity . Additionally, the characteristics of its contractual flows represent substantially a 'basic financing agreement'.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a relevant factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in profit or loss: financial instruments included in a business model different from the above, where fair value is a key element in the management of these assets, and the contractual flows of the financial instruments do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i75e15d8a121c42389acae969af7f386c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Classification of financial assets for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and other credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities or securitized, as well as the finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Customers: includes the remaining credit, including money market transactions through central counterparties.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt securities: bonds and other securities that represent a debt for their issuer, that that accrue interest or equivalent returns implemented in securities or in book entries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Purchases of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted, based on the nature of the debtor, under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i952b7f66652e48e18b7d90035a398d34"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Classification of financial liabilities for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or the changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income, unless this treatment results in an accounting asymmetry, in which case the full effect is recognized in the profit or loss for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are included for measurement purposes in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated in accounting hedging relationships, and financial liabilities arising from the outright sale of financial assets temporarily acquired or received on loan (short positions).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Liabilities may only be included in this category on the date when they are incurred or originated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic42f3195efbe4dd89e54cecd83316288"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Classification of financial liabilities for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments issued. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Customer: includes the remaining deposits, including money market transactions through central counterparties.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Marketable debt securities: includes the amount of bonds, debentures and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities recognized in accordance with IFRS 16), and liabilities under financial guarantee contracts, unless they have been classified as non-performing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Sales of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing received, based on the nature of the creditor, under 'Deposits from central banks', 'Deposits from credit institutions' or 'Customer deposits'. Differences between the purchase and sale prices is recorded as interest accrued over the life of the contract, using the effective interest rate method.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: includes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (PPCC) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses are recognised for accounting purposes by the Group as compound instruments in accordance with IAS 32. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity.</span></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Capital perpetual preference shares (PPCA), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives embedded in other financial instruments or in other host contracts are accounted for separately as derivatives if their risks and characteristics are not closely related to those of the host contracts, provided that the host contracts are not classified as financial assets/liabilities designated at fair value through profit or loss or as 'Financial assets/liabilities held for trading'.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i12d26bd077d047399b791c4737fd5e21"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Measurement of financial assets and liabilities and recognition of fair value changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6da3ee17554d4070864a7b7d72d7c40c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Measurement of financial assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2025, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i089c47b8db924ec587c4a69d5a551897"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Measurement of financial liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibfbb4be27e0e4658adbe6a8ba97a7204"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Valuation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models, described in note 50. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if09e92b9825644f9b9a015a0aa4d755d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Recognition of fair value changes</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments due to changes in fair value arising from:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Items charged or credited to 'Items that may be reclassified to profit or loss – Financial assets at fair value through other comprehensive income' and 'Other comprehensive income – Items that may be reclassified to profit or loss – Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Unrealized capital gains on financial assets at fair value through other comprehensive income classified as 'Non-current assets held for sale' because they form part of a disposal group or a discontinued operation that are recorded in the equity balancing entry 'Other accumulated comprehensive income - Items that can be reclassified in income - Non-current assets as held for sale.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4d94ffbbf7344ed5ade54eb8bad38462"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Hedging transactions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The objective of hedge accounting is to represent in the financial statements the effect of an entity's risk management activities when it uses financial instruments to manage exposures arising from specific risks that could affect profit or loss or other comprehensive income (in the case of investments in equity instruments for which the entity has opted to represent changes in the fair value of other comprehensive income).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As described in Note 1.b, the Group has adopted IFRS 9 for hedge accounting prospectively, while continuing to apply IAS 39 for fair value hedges in portfolios where the hedged risk is interest rate risk. This change has not resulted in any modifications to the accounting treatment of hedges designated under IAS 39, which remain unchanged in both their designation and accounting treatment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For a hedging relationship to meet the requirements set out in IFRS 9, it must meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    Instruments that can be designated as hedging instruments include all derivative financial instruments or non-derivative financial instruments measured at fair value through profit or loss, or a combination thereof. In the case of foreign exchange risk hedges, any type of non-derivative financial instrument can also be designated, regardless of its measurement method.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2. Items that can be designated as covered items are all those that are recognized assets or liabilities, firm commitments, highly probable anticipated transactions, and net investments abroad.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.    At the start of coverage, a formal designation and documentation of the hedging relationship must be made, which will include the entity's risk management strategy and objective, identification of the hedging instrument and the covered item, the nature of the covered risk, the methodology for measuring effectiveness, which includes an analysis of the sources of ineffectiveness, and the coverage ratio.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main sources of ineffectiveness based on the risk covered are:</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Interest rate risk: mismatches in time horizons, principal, repricing and payment dates, time value of options, modifications in the hedged item or the hedging instrument.</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Exchange rate risk: in addition to the above, the difference between the interest rates of the two currencies that represents the net cost or benefit of switching cash flows between two currencies with different interest rates.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">4. The hedging relationship must be effective, for which there must be an economic relationship between the hedged item and the hedging instrument, credit risk must not have a dominant effect on changes in the value of the economic relationship between the hedging instrument and the hedged item, and the hedging ratio must coincide with that used by the entity in its management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group assesses these effectiveness requirements, at the time of designation and on each submission date, through:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic relationship between the hedged item and the hedging instrument is demonstrated through a qualitative test, and in the event of non-compliance, through quantitative tests that compare the market value of the hedged items—corresponding to the hedged risk—and the hedging instruments. Likewise, a quantitative analysis of variations in the market values of the hedging instrument and the hedged item is performed prospectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The hedge ratio is determined based on the proportion between the amount of the hedged item and the amount of the instrument actually designated by the Group in each hedging relationship.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> The credit risk domain assessment is performed through an analysis of the credit exposure of the hedged items and the hedging instruments.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accounting hedges are classified and recorded according to the type of risk they cover, based on the following criteria:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value hedges: These are hedges against exposure to changes in the fair value of the hedged item, attributable to a specific risk.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The differences arising from both the hedging instruments and the hedged items (due to the hedged risk) are recognized directly in the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the fair value hedge is discontinued, the adjustments previously recorded in the hedged item are charged to profit or loss using the effective interest rate method recalculated at the date the hedge ceases to be covered, and must be fully amortized at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In fair value hedges of interest rate risk of a portfolio of financial instruments (macro hedges), regulated by IAS 39, the gains or losses arising from the valuation of the hedging instruments are recognized directly in the consolidated profit and loss account, while the gains or losses due to changes in the fair value of the hedged amount (attributable to the hedged risk) are recognized in the consolidated profit and loss account using as a counterpart the headings 'Changes in the fair value of hedged items' of a portfolio with interest rate risk hedge (asset or liability), as appropriate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flow hedges: These are hedges against exposure to changes in cash flows attributable to a specific risk associated with the hedged item.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the change in the value of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Hedging derivatives. Cash flow hedges (effective portion)' until the hedged item affects profit or loss. From that point onward, it will be recorded in the consolidated profit or loss account for the same period as the hedged item, except in cases where it is required to be included in the cost of the non-financial asset or liability, or the anticipated transactions are ultimately recognized as non-financial assets or liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When cash flow hedges are discontinued, the accumulated result of the hedging instrument recognized in the equity heading 'Other accumulated global result' (while the hedge was effective) will continue to be recognized in that heading until the hedged transaction occurs, at which time it will be recorded in profit or loss, unless it is expected that the transaction will not take place, in which case it is recorded immediately in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net investment hedges of a foreign operation: This is a hedge of the amount corresponding to the reporting entity's share of the net assets of said operation.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Net investment hedges' in foreign operations until the gains or losses on the hedged item are recognized in profit or loss.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure ineffectiveness, the Group compares the valuation of the hedging instrument with the valuation of the hedged item based on the hedged risk, using different methodologies such as the proxy method or the hypothetical derivative method. The ineffective portion of the cash flow and net investment hedge relationships in foreign operations is recorded directly in the consolidated profit and loss account, under the heading 'Net gains or losses from hedge accounting'. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group discontinues accounting for hedging relationships when the hedging instrument expires, is sold, or when the hedging relationship becomes ineffective because it is no longer aligned with the risk management objective. In that case, the derivative is then treated as a trading derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If a hedging relationship ceases to meet the effectiveness requirements, but the risk management objective remains, the Group will assess whether to rebalance or adjust the hedging ratio to meet the effectiveness requirements again without discontinuing the hedging relationship.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A hedging instrument is generally designated in its entirety, as the factors contributing to its fair value are interdependent. However, IFRS 9 allows certain parts of a hedging instrument to be excluded from its fair value:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Separating the intrinsic value and the time value of an option and designating only the intrinsic element as the hedging instrument, which is mandatory if the intrinsic value is designated;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Separating the forward and spot elements of a forward contract and designating only the spot element as the hedging instrument, which will be determined for each hedging relationship. and</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">Separate the foreign currency basis spread of a currency derivative and exclude it from the designation of the hedging instrument, as determined for each hedging relationship.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Separating these components will improve the effectiveness of the hedge and allows for alternative accounting treatment for the excluded component. This treatment consists of recording the changes in value under the heading 'Other accumulated comprehensive income – Undesignated items' and recording this component in the consolidated profit or loss statement, depending on the nature of the hedged item, either over a period of time or at the time the hedged transaction occurs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, if the entity manages the credit risk of all or part of a financial instrument through the use of credit derivatives, there is the option of designating a fair value credit exposure through profit or loss, provided that the derivative matches the name and priority of the financial instrument being hedged. This designation may be made at the initial recognition of the designated financial instrument or subsequently, with the designation being documented. From its designation, fair value variations (for all its risks, not exclusively credit risk) will be recorded in the consolidated profit and loss account.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia49f64f506d54190ae2cf84f69d636a8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Derecognition of financial assets and liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.    If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. In this case, the following items are recognised:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.    If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding contractual modifications of financial assets, Grupo Santander distinguishes two main categories depending on whether the new conditions result in the disposal of the asset (and recognition of a new one) or imply the continuation of the original instrument with the new modified terms:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. The new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. The gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference.</span></div><div style="margin-bottom:3pt"><span id="iaaa27801cc5242f2a6e268d5b23d0dbd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Offsetting of financial instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4fc50b0f810d4658b2502f39b387158a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Impairment of financial assets</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i283af405fc7c4a24b838197c064ca2fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Definition</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables, assets from contracts and loan commitments and the financial guarantees issued that are not measured at fair value through profit or loss.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following constitute effective guarantees:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)    Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">Buildings and building elements, distinguishing among:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Houses.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Offices, stores and multi-purpose premises.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rest of buildings such as non-multi-purpose premises and hotels.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">Urban and developable ordered land.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt"> Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)    Collateral guarantees on financial instruments in the form of cash deposits, debt securities or equity instruments issued by creditworthy issuers.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)    Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)    Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i31f6193db9db45db9ab2d4646cdb5ac2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Financial instruments presentation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 consecutive days on material arrears for principal, interest or expenses contractually agreed. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This category also includes all loan balances for a client when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 consecutive days on material arrears in other loans.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 consecutive days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.92pt">Generalised delay in payments or insufficient cash flows to service debts.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Significantly inadequate economic or financial structure or inability to obtain additional financing by the client.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.25pt">Existence of an internal or external credit rating showing that the client is in default.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">f)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.73pt">Existence of overdue customer commitments with a significant amount to public institutions or employees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial asset amount is maintained in the balance sheet until they are considered as a 'default risk', either all or a part of it, and the write-off is registered against the balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iccd172da29b94981aac9cadfebbc7e65"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Impairment valuation assessment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, this classification mostly includes wholesale banking customers —Corporations, specialised financing— as well as some of the largest companies —Chartered and real estate developers— from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available, reasonable and sustainable information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the complex geopolitical situation, as well changes in inflations levels and interest rates, which has generated uncertainty in economic evolution.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 consecutive days past due material balances with respect to any significant credit obligation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander aligned partially and voluntarily during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria was done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander registered an increase in the default rate at around 19 basis points, with no material impact on the provision figures for credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. In order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group applies these practical solutions adapting them to their own characteristics and circumstances:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Assets with low credit risk at the reporting date: the Group adopts this practice prioritizing its reduced and punctual use and its systematic and periodic justification through quantitative evidence. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This information is provided in more detail in note 54.b.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9c52c0a773f8484bac5280424038dcc7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Detail of individual estimate of impairment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the debtor's ordinary activities (going approach).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gone approach:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Evaluation of the effectiveness of guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the effectiveness of all the guarantees associated considering the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time required to execute these guarantees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander's ability to enforce or assert these guarantees in its favour.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different types of effective guarantees have been detailed in section i. Definition</span></div><div style="margin-bottom:6pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Valuation of guarantees</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Mortgage guarantees on properties associated with financial instruments, using complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal guarantees are valued individually on the basis of the guarantor´s updated information.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The rest of the guarantees are valued based on current market values.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Adjustments based on the historical sales experience of local units for certain types of assets.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individual expert adjustments based on additional management information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Period of adjudication.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated time of sale of the asset.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Possible future income commitments in favour of the borrower which will available after the asset is awarded.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated foreclosure costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Asset maintenance costs, taxes and community costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated marketing or sales costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i51a0b477e28c414aa9b7a3fe6148a03a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Impairment individual assessment scope</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate &amp; Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0fd588b877bf487e8eb78d75630d1597"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">h) 'Non-current assets' and 'liabilities associated with non-current assets held for sale'</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of its consideration in initial recognition, the Group obtains, at the time of award, the fair value of the corresponding asset by requesting an appraisal from external valuation agencies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2025 are as follows: Tinsa Tasaciones Inmobiliarias, S.A.U., Sociedad de Tasación, S.A., Global Valuation, S.A.U., Instituto de Valoraciones, S.A., Euroevaluaciones, S.A. and Valoraciones Mediterráneo, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 551 million (EUR 553 million at 31 December 2024); however, in accordance with the accounting standards, this unrealised gain could not be recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time that has elapsed since the adjudication.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The transferability and contingencies of the foreclosed asset.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic viability from the real estate point of view with the necessary investment estimate.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The expenses that may arise from the marketing process.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The offers received, as well as the difficulties in finding buyers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of real estate assets foreclosed in Spain, which represent 76% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. The assets in a situation of 'stopped development' are included under 'land</span></div><div style="padding-left:9.07pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value will be the result of the difference between the income flows and the investment flows estimated at each moment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the Order ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visual verification of the assessed property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Registry description.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Urban planning.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible easements.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible state of occupation, possession, use and exploitation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Protection regime.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Apparent state of preservation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Correspondence with cadastral property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Expiry of the urbanization or building deadlines.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of a procedure for failure to comply with obligations.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Verification of surfaces.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of valuation, the land will be classified in the following levels:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level I: It will include all the lands that do not belong to level II.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined.</span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. </span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land; discount on reference value = % discount on sales + % marketing costs being:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">% discount on Sales: = 100 - (sales price / updated appraisal value).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9e34092d6b834964bbfc2ab45bfbad53"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">i) Assets under reinsurance contracts and Liabilities under insurance contracts</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has prepared the accounting policy that establishes the criteria for recording insurance contracts, in accordance with IFRS 17. This standard defines insurance contracts as contracts under which one party accepts a significant insurance risk from another party by agreeing to compensate the policyholder if a specific uncertain future event negatively affects the policyholder. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 17 requires a level of aggregation of contracts that the Group identifies in portfolios of contracts with similar risks and that are managed jointly. The Group then divides each portfolio into a minimum of three groups: (i) contracts that are onerous on initial recognition; (ii) contracts that, upon initial recognition, have no significant possibility of subsequently becoming onerous; and (iii) any remaining contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For contracts that are considered not to be onerous, a profit margin is recognized in the profit and loss account (referred to as 'Contractual Service Margin' or 'CSM') throughout the period in which the entity performs the service. However, if at the time of initial recognition, or during the period in which the entity performs the service, the contract is onerous, the entity recognizes the loss in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contract limits define the term up to which compliance cash flows must be considered in order to measure an insurance contract. Fulfilment cash flows comprise an unbiased, probability-weighted estimate of future cash flows, a discount adjustment to the present value to reflect the time value of money for monetary and financial risks, and a risk adjustment for non-fulfilment risks. financial. The identification of the contractual limit under IFRS 17 is essential not only for measuring the fulfilment cash flows of a group of contracts, but also for determining the applicable measurement model, in case the contractual limits are identified in a year or more.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Cash flows are within the contractual limit of an insurance contract if they arise from substantial rights and obligations that exist during the reporting period, in which the entity can obligate the insurance policyholder to pay premiums or in which the entity has a substantive obligation to provide services to the insured. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, generally applying the General Model (Building Block Approach) to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Commission Approach ('VCA' or Variable Fee Approach). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The general model measures a group of contracts as the sum of the fulfilment cash flows and the Contractual Service Margin. The CSM represents benefits not yet recorded that the entity will recognize as providing services under the insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Insurance contracts with direct participation apply the VCA as a modified version of the General Model. This should reduce the volatility of results due to the asymmetry between the accounting treatment of the profit and losses of the underlying items attributable to the policyholders and the accounting treatment of the liability owed to those policyholders. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Another aspect considered in measuring the present value of the future cash flows of a group of insurance contracts is the discount </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">rate applied to reflect the time value of money and the financial risks related to those cash flows. The Group has established a generally chosen methodology and guarantees that the calculation components have a homogeneous basis, previously approved by the Group, establishing the base curves provided by the Group and allowing adjustments to these curves based on the expert criteria of each local address.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, measuring compliance cash flows requires a risk adjustment for non-financial risk. Risk adjustment for non-financial risk is the compensation necessary to withstand uncertainty about the amount and timing of cash flows arising from non-financial risks. If a change in the assumptions occurs, it could affect the income statement or the Other comprehensive income, depending on its nature. The risks covered by the risk adjustment for non-financial risk are insurance risk and other non-financial risks, such as interruption risk and expense risk.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i07112059568442ae9edf43226bafac77"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">j) Tangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib2f05474c0d844f49d5d7c7a377f5dc0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Property, plant and equipment for own use</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7a85c7851c4b4ffcb8804bcfad57748e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of investment properties that support obligations to pay a return directly linked to fair value, or to the returns of certain assets including the investment property itself, such properties are measured using the fair value model.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as Level 2 valuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6f8e1d7c99f048ef8f1577acde4dd1f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Assets leased out under an operating lease</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Property, plant and equipment' - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div><div style="margin-bottom:6pt"><span id="ie2166e8db4d74270b4340a707dca0919"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">k) Accounting for leases</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each lease payment is allocated between liability and finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Fixed payments (including inflation-linked payments), less any lease incentive receivable.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Variable lease payments that depend on an index or rate.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amounts expected to be paid by the lessee under residual value guarantees.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lease payments are discounted using the interest rate implicit in the lease. When this interest rate cannot be obtained, the interest rate used in these cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Economic and political situation (country risk).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit risk of the company.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Monetary policy.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Volume and seniority of the company’s debt instrument issues.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an 'all in rate' (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Right-of-use assets are valued at cost which includes the following:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amount of the initial measurement of the lease liability.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any lease payment made at or before the commencement date less any lease incentive received.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any initial direct costs.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Restoration costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="idbb2cc688ae64cfe86b1fc784d379442"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">l) Intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Only assets whose cost can be measured reliably and it is likely that the consolidated entities obtain future economic benefits are recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia2fb0f774fdb4b1eb81bb870a8df5761"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Goodwill</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGU) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">An impairment loss recognised for goodwill is not reversed in a subsequent period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i225868c7bd5d45569442ef24309f1781"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Other intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i89adc46db5f0489f88538dd2538c9ec3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Internally developed computer software</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia138a9b7d61b4fbc84d09d1c29bd2712"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">m) Other assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other assets' in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity’s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i03d73dffb20e499cb1228d050d090469"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">n) Other liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Other liabilities' includes the balance of all accrued expenses and deferred income, excluding those related to interests and fees on financial instruments, as well as the amount of any other liabilities not included in other categories.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1e101615bae345fb8d7e7edf5a2d2cea"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">o) Provisions and contingent liabilities (assets)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When preparing the financial statements of the consolidated entities, Banco Santander makes a distinction between:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Irrevocable contingent payments (ICPs), corresponding to payment facilities allowed under the annual contributions of certain levies, are recorded in accordance with the definitions mentioned above. In this regard, on 14 November 2025, the Group learned that the CJEU had definitively resolved the dispute concerning the CPI contributions made by a financial institution to the Single Resolution Fund, upholding the judgment of the General Court of 25 October 2023, which ruled against said financial institution regarding its request for the return of guarantees linked to irrevocable payment commitments for a Group entity whose license had been withdrawn. In light of this ruling, it was concluded that it was not necessary to modify the accounting entries that the Santander Group has made when using these facilities to make contributions corresponding to this levy or to other similar levies that also allow for such contributions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions are classified according to the obligations covered as follows (see note 25):</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i434b4093bbce469e974155c54d75482d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">p) Own equity instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments are those meeting both of the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments do not include any contractual obligation for the issuer (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8ffaff6e4a7542b3af75418684f47127"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">q) Equity-instrument-based employee remuneration</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idd0b75cebca94e74b4bca79068e86c90"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">r) Recognition of income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant criteria used by Grupo Santander to recognise its income and expenses are summarised as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibf4716bbecf44f7f8a4ff4b91fb3b4b2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Interest income, interest expenses and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities’ right to receive them arises.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i97e5ba2789b24eaca2c11b4a64ef4dcd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Commissions, fees and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those relating to services provided in a single act are recognised when the single act is carried out.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1ad1ca147be64d4daa8dcf680d939082"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Non-finance income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i416e1293a8bc4a7c93665c1788d244fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Deferred collections and payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie57539c46d224527a8527ef6146ed7f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Loan arrangement fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><span id="i670fe92a280f46c9826dfe2d3117c222"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">s) Financial guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees are considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i28693aa5db9740d1942e251b1d8d5cf5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">t) Assets under management and investment and pension funds managed by the Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. The investment funds and pension funds managed by the consolidated companies are also not presented in the Group's consolidated balance sheet, as they are owned by third parties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The commissions generated by these activities are included in the balance of the 'Commission income' chapter of the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="icec63a92f30a49b885aa177a80e80c2a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">u) Post-employment benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4cb3919e9038469faf53a414b73798d8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined contribution plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6e144e0ac7a348d5988dd17df2992bbb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined benefit plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander recognises under 'Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander will recognise the following items in the income statement:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any gain or loss arising from a liquidation of the plan is included in the 'Provisions or reversion of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Actuarial gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4d41fa2a97d54255b1e515e2363a401e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">v) Other long-term employee benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note 25).</span></div><div style="margin-bottom:6pt"><span id="if2ba44ec1bd64ab28e07704e28387c28"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">w) Termination benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed.</span></div><div style="margin-bottom:6pt"><span id="i66b05f317b6342b495620b80f1e23f19"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">x) Income tax</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Tax assets' include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 321.9 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from, in its initial recognition of (i)a business combination, (ii) an operation that does not affect either the tax result or the accounting result or (iii) on the date of the transaction, does not generate deductible and taxable temporary differences for the same amount (in which case assets and deferred tax liabilities). Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding taxes on profits arising from the application of tax laws for the implementation of the Pillar Two model rules, including those related to national minimum complementary taxes, the Group applies the mandatory and temporary exception to the recognition of deferred tax assets and liabilities derived from said tax laws (see note 27.f).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie87b529c07a748c18f34ada2b9446e34"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">y) Residual maturity periods</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In note 51 it is provided an analysis of the maturities of the balances of certain items in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Group has recorded as 'time liabilities' those recognised financial liabilities in which the counterparty may require payments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, when Grupo Santander has committed to having amounts available at different maturity periods, these amounts have been recorded in the first year in which they may be required.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for the financial guarantee contracts issued, the Group has recorded the maximum amount of the financial guarantee issued in the first year in which the guarantee can be executed.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span id="i89e400f35bf94e849c11010a41e89519"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">z) Consolidated statement of recognised income and expense</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, this statement presents:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.    Consolidated profit for the year.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.    The net amount of the income and expenses recognised in 'Other comprehensive income' under items that will not be reclassified to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.    The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d.    The income tax incurred in respect of the items indicated in b and c above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e.    Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met.</span></div></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="iedcae727762d428bbd42a6ef9622c442"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">aa) Statement of changes in total equity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.    Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospective restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.    Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised 'Income and expense'.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.    Other changes in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity instruments, equity-instrument-based payments, transfers between equity items and any other increases or decreases in consolidated equity.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i735fa54e6566433b90c38e2a2c1306f6"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">ab) Consolidated statement of cash flows</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following terms are used in the consolidated statements of cash flows with the meanings specified:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investing activities: the acquisition or disposal of long-term assets and other investments not included in cash and cash equivalents.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025 Grupo Santander received interest amounting to EUR 109,840 million (EUR 117,046 and EUR 101,029 in 2024 and 2023, respectively) and paid interest amounting to EUR 57,737 million (EUR 61,091 and EUR 50,954 in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests)</span></div> Foreign currency transactions<div style="margin-bottom:3pt"><span id="i32af6d7657084157bd41fbca042d4a16"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:115%">i. Presentation currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander’s functional and presentation currency is the euro. Also, the presentation currency of the Group is the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if390cf64de9b4b70a7214304d13a92d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Translation of foreign currency balances</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency balances are translated to euros in two consecutive stages:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation of foreign currency to the functional currency (currency of the main economic environment in which the entity operates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Translation to euros of the balances held in the functional currencies of entities whose functional currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i038cd23e6ca643d4819cd5041865c4b7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of foreign currency to the functional currency</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Foreign currency transactions performed by consolidated entities (or entities accounted for using the equity method) not located in European Monetary Union ('EMU') countries are initially recognised in their respective currencies. Monetary items in foreign currency are subsequently translated to their functional currencies using the closing rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at historical cost are translated to the functional currency at the exchange rate at the date of acquisition.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non-monetary items measured at fair value are translated at the exchange rate at the date when the fair value was determined.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Income and expenses are translated at the average exchange rates for the year for all the transactions performed during the year. When applying this criterion, the Group considers whether there have been significant changes in the exchange rates in the year which, in view of their materiality with respect to the consolidated financial statements taken as a whole, would make it necessary to use the exchange rates at the transaction date rather than the aforementioned average exchange rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The balances arising from non-hedging forward foreign currency/foreign currency and foreign currency/euro purchase and sale transactions are translated at the closing rates prevailing in the forward foreign currency market for the related maturity.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i18072ffb95a34673a45789fb5332e5c4"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Translation of functional currencies to euros</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balances in the financial statements of consolidated entities (or entities accounted for using the equity method) whose functional currency is not the euro are translated to euros as follows:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Assets and liabilities, at the closing rates.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Income and expenses, at the average exchange rates for the year.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Equity items, at the historical exchange rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia47d2d78cd61478f8daf4a551a61006e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Recognition of exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation of foreign currency balances to the functional currency are generally recognised at their net amount under 'Exchange differences, net' in the consolidated income statement, except for exchange differences arising on financial instruments at fair value through profit or loss, which are recognised in the consolidated income statement without distinguishing them from other changes in fair value, and for exchange differences arising on non-monetary items measured at fair value through equity, which are recognised under 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' except for exchange differences on equity instruments, where the option to irrevocably elect to be measured at fair value through changes in accumulated other comprehensive income, which are recognised in accumulated 'Other Comprehensive Income - Items not to be reclassified to profit or loss - Changes in fair value of equity instruments measured at fair value' through other comprehensive income (see note 29).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exchange differences arising on the translation to euros of the financial statements denominated in functional currencies other than the euro are recognised in 'Other comprehensive income–Items that may be reclassified to profit or loss–Exchange differences' in the consolidated balance sheet, whereas those arising on the translation to euros of the financial statements of entities accounted for using the equity method are recognised in equity under 'Other comprehensive income–Items that may be reclassified to profit or loss and Items not reclassified to profit or loss–Other recognised income and expense' of investments in subsidiaries, joint ventures and associates (see note 29), until the related item is derecognised, at which time they are recognised in profit or loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences arising on actuarial gains or losses when converting to euros the financial statements denominated in the functional currencies of entities whose functional currency is different from the euro are recognised under equity 'Other comprehensive income–Items not reclassified to profit or loss–Actuarial gains or (-) losses' on defined benefit pension plans (see note 29).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ie550674534bb4738b172fb9dfd58a54d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Entities located in hyperinflationary economies</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When a subsidiary operates in a country with hyperinflationary economy, IAS 29 Financial Information in Hyperinflationary Economies is applied, which means that:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Historical cost of non-monetary assets and liabilities and of the various items of equity have to be adjusted to reflect the changes in the purchasing power of the currency due to inflation from their date of acquisition or incorporation into the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The different items of the income statement are adjusted by the inflationary index since their generation, with a balancing entry in 'Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The loss on the net monetary position is recorded in the income for the year against 'Accumulated Other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">All components of the financial statements of the subsidiary are translated at the closing exchange rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deterioration of the economic situation in Argentina over the last years caused, among other impacts, a significant increase in inflation, which by the end of 2018 had reached 48% per year (147% accumulated in three years). This led the Group to conclude that it was necessary to apply IAS 29 Financial Information in Hyperinflationary Economies to its activities in the country in question in its consolidated financial statements from that year on.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Grupo Santander decided to apply an alternative exchange rate for the conversion of its Argentine business in the preparation of its consolidated annual accounts. This decision stemmed from the divergence observed between the official exchange rate and certain macroeconomic variables, primarily inflation, coupled with the fact that for certain transactions, such as the repatriation of dividends, the exchange rate implied in orderly transactions between market participants did not correspond to the official exchange rate. As of 31 December 2024, the alternative exchange rate used was based on the CCL dollar ('c</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">ontado con liquidación'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">), which is the exchange rate resulting from the sale in US dollars of local bonds denominated in Argentine pesos (bonds with dual peso dollar/denomination). At that date, this rate did not differ significantly from other market rates.</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">From the second quarter of 2025, and considering the liberalization of the foreign exchange market and the elimination of restrictions on the purchase of foreign currency by individuals, and the value of this CCL dollar exchange rate did not differ significantly from other market rates and the official exchange rate, Grupo Santander started using the official exchange rate as a reference once again. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation during 2025, according to the national consumer price index published by the National Statistics and Census Institute, wa</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">s 31.5% for the year (117.8% at 31 December 2024). The official exchange rate as 31 December 2025 was 1,706.38 Argentine pesos per euro (1,071.16 Argentine pesos per euro </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at 31 December 2024). The exchange rate applied by the Group as at 31 December 2024 was 1,232.39 Argentine pesos per euro.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, no other country in which the consolidated and associated entities of Grupo Santander are located is considered to have a hyperinflati</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">onary economy in accordance with the criteria establ</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ished in this regard by the International Financial Reporting Standards adopted by the European Union. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i84b8f9220b604b46b4cbd974862c94c9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Exposure to foreign currency risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander hedges a portion of its long-term foreign currency positions using foreign exchange derivative financial instruments (see note 36). Also, the Group manages foreign exchange risk dynamically by hedging its short-term position (with a potential impact on profit or loss) in order to limit the impact of currency depreciations while optimising the cost of financing the hedges.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables show the sensitivity of the consolidated income statement and consolidated equity to percentage changes of ± 1% in the foreign exchange rate positions arising from investments in Grupo Santander companies with currencies other than the euro (with its hedges) and in their results (with its hedges), in which the Group maintains significant balances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135.0)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(168.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88.1)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141.2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.3)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.5)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137.8 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.7 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The above data were obtained as follows:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)    Effect on consolidated equity: in accordance with the accounting policy detailed in note 2.a.iii, foreign exchange rate impact arising on the translation to euros of the financial statements in the functional currencies of the Group entities whose functional currency is not the euro are recognised in consolidated equity. The potential effect that a change in the exchange rates of the related currency would have on the Group’s consolidated equity was therefore determined by applying the aforementioned change to the net value of each unit’s assets and liabilities -including, where appropriate, the related goodwill- and by taking into consideration the offsetting effect of the hedges of net investments in foreign operations.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)    Effect on consolidated profit: the effect was determined by applying the up and down movements in the average exchange rates of the year, as indicated in note 2.a.ii (except in the case of Argentina, which is a hyperinflationary economy and has applied the closing exchange rate), to translate to euros the income and expenses of the consolidated entities whose functional currency is not the euro, taking into consideration, where appropriate, the offsetting effect of the various hedging transactions in place.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimates used to obtain the foregoing data were performed considering the effects of the changes in the exchange rate in standalone basis not considering the effect of the performance of other variables whose changes would affect equity and profit or loss, such as variations in the interest rates of the reference currencies or other market factors. Accordingly, all variables other than the exchange rate variations were kept constant with respect to their positions at 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div> 2 0.48 1.47 0.315 1.178 1706.38 1071.16 1232.39 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated effect on the consolidated equity attributable to Grupo Santander and on consolidated profit and loss account of a 1% appreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135.0)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(168.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(88.1)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33.9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141.2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(175.7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48.8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.3)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.5)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.2)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, the estimated effect on the Group’s consolidated equity and on consolidated profit and loss account of a 1% depreciation of the euro against the corresponding currency is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.250%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated equity</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Effect on <br/>consolidated profit</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137.8 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">zloty</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.7 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.7 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0.01 135000000.0 168400000 136900000 2500000 3900000 3400000 8800000 15300000 35300000 4300000 2100000 2300000 88100000 96500000 79100000 7600000 4400000 3100000 32500000 33900000 36400000 500000 500000 100000 141200000 144100000 175700000 800000 4300000 6500000 12800000 25100000 48800000 0 400000 0 21300000 18300000 7500000 3700000 6600000 4200000 0.01 137800000 171800000 139700000 2500000 4000000.0 3400000 9000000.0 15600000 36000000.0 4400000 2200000 2300000 89900000 98400000 80700000 7700000 4500000 3100000 33100000 34600000 37100000 500000 500000 100000 144000000.0 147000000.0 179300000 900000 4300000 6600000 13000000.0 25600000 49800000 0 400000 0 21700000 18700000 7700000 3800000 6700000 4200000 Basis of consolidation<div style="margin-bottom:3pt;margin-top:6pt"><span id="i7ea75d2224d24132ad0d68788a875a0f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Subsidiaries are defined as entities over which the Bank has the capacity to exercise control. The Bank controls an entity when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial statements of the subsidiaries are fully consolidated with those of the Bank. Accordingly, all balances and effects of the transactions between consolidated companies are eliminated on consolidation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On acquisition of control of a subsidiary, its assets, liabilities and contingent liabilities are recognised at their acquisition-date fair values. Any positive differences between the acquisition cost and the fair values of the identifiable net assets acquired are recognised as goodwill (see note 17). Negative differences are recognised in profit or loss on the date of acquisition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the share of third parties of Grupo Santander equity is presented under 'Non-controlling interests' in the consolidated balance sheet (see note 28). Their share of the profit for the year is presented under 'Profit attributable to non-controlling interests' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The results of subsidiaries acquired during the year are included in the consolidated income statement from the date of acquisition to year-end. Similarly, the results of subsidiaries for which control is lost during the year are included in the consolidated income statement from the beginning of the year to the date of disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, apart from the structured consolidated entities, Grupo Santander does not control any company in which it maintains a percentage of direct participation in its share capital of less than 50% and in where other elements exist which, considered together, would grant give it decision-making power over its relevant activities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the subsidiaries.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i38d586ae55fc4821b1ffac137bad82be"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Interests in joint ventures</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Joint ventures are deemed to be entities that are not subsidiaries but which are jointly controlled by two or more unrelated entities. This is evidenced by contractual arrangements whereby two or more parties have interests in entities so that decisions about the relevant activities require the unanimous consent of all the parties sharing control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in joint ventures are accounted for using the equity method, i.e. at the Group’s share of net assets of the investee, after taking into account the dividends received therefrom and other equity eliminations. The profits and losses resulting from transactions with a joint venture are eliminated to the extent of the Group’s interest therein.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain relevant information on the joint ventures.</span></div><div style="margin-bottom:3pt"><span id="i91876a6de5e5419ca945e452a331186a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Associates are entities over which Banco Santander is in a position to exercise significant influence, but not control or joint control. It is presumed that Banco Santander exercises significant influence if it holds 20% or more of the voting power of the investee.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the consolidated financial statements, investments in associates are accounted for using the equity method, with the same criteria applicable to shares in joint ventures.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are certain investments in entities which, although Grupo Santander owns 20% or more of their voting power, are not considered to be associates because the Group is not in a position to exercise significant influence over them. As of 31 December 2024 and 2023, the investment in Project Quasar Investments 2017, S.L. was in this situation, despite maintaining a 49% stake in the share capital. The rest of the investments are not significant for the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are also certain investments in associates where the Group owns less than 20% of the voting rights, as it is determined that it has the capacity to exercise significant influence over them. The impact of these companies is immaterial in the Group's consolidated financial statements.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The appendices contain significant information on the associates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9d9e2713fdf44f24b2f9f981a1485b35"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:125%">iv. Structured entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In some cases, Grupo Santander incorporates entities, or holds ownership interests therein, to enable its customers to access certain investments, or for the transfer of risks or other purposes. Those entities are called 'structured entities' and they are characterized by the fact that since the voting, or similar power is not a key factor in deciding who controls the entity. The control is determined by using internal criteria and procedures and taking into consideration the applicable legislation, as described above. Specifically, for those entities to which this policy applies (mainly investment funds and pension funds), the Group analyses the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Percentage of ownership held by Grupo Santander; 20% is established as the general threshold.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Identification of the fund manager, and verification as to whether it is a company controlled by the Group since this could affect Grupo Santander ability to direct the relevant activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of agreements between investors that might require decisions to be taken jointly by the investors, rather than by the fund manager.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Existence of currently exercisable removal rights (possibility of removing the manager from his position), since the existence of such rights might limit the manager’s power over the fund, and it may be concluded that the manager is acting as an agent of the investors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Analysis of the fund manager’s remuneration regime, taking into consideration that a remuneration regime that is proportionate to the service rendered does not, generally, create exposure of such importance as to indicate that the manager is acting as the principal. Conversely, if the remuneration regime is not proportionate to the service rendered, this might give rise to an exposure that would lead the Group to a different conclusion.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These structured entities also include the securitisation special purpose vehicles, which are consolidated in the case of the Special Purpose Vehicles (SPVs) over which, being exposed to variable yield, it is considered that the Group continues to exercise control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The exposure associated with unconsolidated structured entities, additional to investments in the equity of investment funds (note 8), are not material with respect to the Group’s consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i0b07bb2d7be5496db27d6abd8f73d1ed"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Business combinations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A business combination is the bringing together of two or more separate entities or economic units into one single entity or group of entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Business combinations whereby Grupo Santander obtains control over an entity or a business are recognised for accounting purposes as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander measures the cost of the business combination, which is normally the consideration transferred, defined as the acquisition-date fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity instruments issued, if any, by the acquirer. In cases where the amount of the consideration to be transferred has not been definitively established at the acquisition date, but rather depends on future events, any contingent consideration is recognised as part of the consideration transferred and measured at its acquisition-date fair value. Moreover, acquisition-related costs do not for these purposes form part of the cost of the business combination.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The fair values of the assets, liabilities and contingent liabilities of the acquired entity or business, including any intangible assets identified in the business combination which might not have been recognised by the acquiree, are estimated and recognised in the consolidated balance sheet; the Group also estimates the amount of any non-controlling interests and the fair value of the previously held equity interest in the acquiree.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any positive difference between the aforementioned items is recognised as discussed in note 2.m. Any negative difference is recognised under 'Negative Goodwill' recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill is only calculated and recognised once, when control of a business or an entity is obtained.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6a769ab0d2a443dab0214ae16c9258bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">vi. Changes in the levels of ownership interests in subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Acquisitions and disposals not giving rise to a change in control are recognised as equity transactions, and no gain or loss is recognised in the income statement and the initially recognised goodwill is not remeasured. The difference between the consideration transferred or received and the decrease or increase in non-controlling interests, respectively, is recognised in reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, when control over a subsidiary is lost, the assets, liabilities and non-controlling interests and any other items recognised in 'Other Comprehensive income' of that company are derecognised from the consolidated balance sheet, and the fair value of the consideration received and of any remaining equity interest is recognised. The difference between these amounts is recognised in profit or loss.</span></div> 0.49 0.49 lassification of financial instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or an equity instrument of another entity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following transactions are not treated for accounting purposes as financial instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investments in associates and joint venture when accounted for using the equity method in accordance with IAS 28 (see note 13).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Rights and obligations under employee benefit plans recognized in accordance with IAS 19 (see note 25).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Insurance contracts and the rights and obligations directly arising from them, within the scope of IFRS 17 (see note 15).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contracts and obligations relating to employee remuneration based on own equity instruments accounted for in accordance with IFRS 2 (see note 34).</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i590d74e518514c8197e9c502f9837b18"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Classification of financial assets for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Non-current assets held for sale' or they relate to 'Cash, cash balances at central banks and other deposits on demand', 'Changes in the fair value of hedged items in portfolio hedges of interest rate risk (asset side)', 'Hedging derivatives and Investments', which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Classification of financial instruments: the classification criteria for financial assets depends on the business model for their management and the characteristics of their contractual flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander business models refer to the way in which it manages its financial assets to generate cash flows. In defining these models, the Group takes into account the following factors:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">How key entity staff are assessed and reported on the performance of the business model and the financial assets held in the business model.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The risks that affect the performance of the business model (and the financial assets held in the business model) and, specifically, the way in which these risks are managed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The way in which business managers are remunerated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The frequency, the calendar and volume of sales in previous years, as well as expectations of future sales and the reasons of the sales.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the characteristics of the contractual cash flows of financial assets requires an assessment of the congruence of these flows with a basic loan agreement. The Group determines if the contractual cash flows of its financial assets that are only principal and interest payments on the outstanding principal amount at the beginning of the transaction. This analysis takes into consideration four factors (performance, contractual clauses, contractually linked products and currencies). Furthermore, among the most significant judgements used by the Group in carrying out this analysis, the following ones are included:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The return on the financial asset, in particular in cases of periodic interest rate adjustments where the term of the reference rate does not coincide with the frequency of the adjustment. In these cases, an assessment is made to determine whether or not the contractual cash flows differ significantly from the flows without this change in the time value of money, establishing a tolerance level of 5%.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">When contractual clauses that may modify the cash flows of the financial asset exist, the structure of the cash flows before and after the activation of such clauses is analysed, regardless of the probability of occurrence of the contingent event. The evaluation of contractual flows of financial assets with characteristics associated with ESG (Environmental, Social and Governance) is included in this analysis. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial assets whose cash flows have different priority for payment due to a contractual link to underlying assets (e.g. securitization instruments or similar structures) require a look-through analysis by the Group so as to review that both the financial asset and the underlying assets are only principal and interest payments and that the exposure to credit risk of analyzed segment does not exceed the average exposure of the underlying assets of the instrument.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on these factors, the financial assets classify for measurement as: (i) at amortised cost, (ii) at fair value with changes in other comprehensive income or (iii) at fair value with changes through profit and loss. IFRS 9 also establishes an option to irrevocably designate an instrument at fair value with changes in profit or loss, when doing so eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as 'accounting asymmetry') that would otherwise arise from measuring assets or liabilities or recognising gains and losses on different bases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses the following criteria for the classification of the financial debt instruments:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amortised cost: financial instruments managed under a business model whose objective is to hold the financial assets to collect contractual principal and interest flows. This category includes instruments for which there are no frequent or significant unjustified sales and fair value is not a key element in the management of these assets and contractual conditions they give rise to cash flows on specific dates, which are only payments of principal and interest on the outstanding principal amount. In this sense, justified sales are considered to be those related to an (i) increase in the credit risk of the asset, (ii) unanticipated funding needs (stress case scenarios) and (iii) those close to maturity . Additionally, the characteristics of its contractual flows represent substantially a 'basic financing agreement'.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in other comprehensive income: financial instruments held in a business model whose objective is to collect principal and interest cash flows and the sale of these assets, where fair value is a relevant factor in their management. Additionally, the contractual cash flow characteristics substantially represent a 'basic financing agreement'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value with changes in profit or loss: financial instruments included in a business model different from the above, where fair value is a key element in the management of these assets, and the contractual flows of the financial instruments do not substantially represent a 'basic financing agreement'. In this section it can be enclosed the portfolios classified under 'Financial assets held for trading', 'Non-trading financial assets mandatorily at fair value through profit or loss' and 'Financial assets at fair value through profit or loss'. In this regard, most of the financial assets presented in the category of 'Financial assets designated at value reasonable with change in results' are instruments financial services that, not being part of the portfolio of negotiation, are contracted jointly with other financial instruments that are recorded in the category of 'held for trading', and that by both are recorded at fair value with changes in results, so your record in any other category would produce accounting asymmetries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments will be classified at fair value under IFRS 9, with changes in profit or loss, unless the Group decides, for non-trading assets, to classify them at fair value with changes in other comprehensive income (irrevocably) at initial recognition.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i75e15d8a121c42389acae969af7f386c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Classification of financial assets for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash, cash balances at Central Banks and other deposits on demand: cash balances and balances receivable on demand relating to deposits with central banks and other credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loans and advances: includes the debit balances of all credit and loans granted by the Group, other than those represented by securities or securitized, as well as the finance lease receivables and other debit balances of a financial nature in favour of the Group such as cheques drawn on credit institutions, balances receivable from clearing houses and settlement agencies for transactions on the stock exchange and organised markets, bonds given in cash, capital calls, fees and commissions receivable for financial guarantees and debit balances arising from transactions not originating in banking transactions and services, such as the collection of rentals and similar items. They are classified, on the basis of the institutional sector to which the debtor belongs, into:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Central banks: credit of any nature, including deposits and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit institutions: credit of any nature, including deposits and money market transactions, in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Customers: includes the remaining credit, including money market transactions through central counterparties.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt securities: bonds and other securities that represent a debt for their issuer, that that accrue interest or equivalent returns implemented in securities or in book entries.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Equity instruments: financial instruments issued by other entities, such as shares, which have the nature of equity instruments for the issuer, other than investments in subsidiaries, joint ventures or associates. Investment fund units are included in this item.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value in favour of the Group of derivatives which do not form part of hedge accounting, including embedded derivatives separated from hybrid financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Purchases of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing granted, based on the nature of the debtor, under 'Loans and advances with central banks', 'Loans and advances to credit institutions' or 'Loans and advances to customers. Differences between the purchase and sale prices are recognised as interest over the contract term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts credited to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: Includes the fair value in favour of the Group of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i952b7f66652e48e18b7d90035a398d34"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Classification of financial liabilities for measurement purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are initially classified into the various categories used for management and measurement purposes, unless they have to be presented as 'Liabilities associated with non-current assets held for sale' or they relate to 'Hedging derivatives' or the changes in the fair value of hedged items in portfolio hedges of interest rate risk (liability side), which are reported separately.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In most cases, changes in the fair value of financial liabilities designated at fair value through profit or loss, caused by the entity's credit risk, are recognized in other comprehensive income, unless this treatment results in an accounting asymmetry, in which case the full effect is recognized in the profit or loss for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are included for measurement purposes in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities held for trading (at fair value through profit or loss): this category includes financial liabilities incurred for the purpose of generating a profit in the near term from fluctuations in their prices, financial derivatives not designated in accounting hedging relationships, and financial liabilities arising from the outright sale of financial assets temporarily acquired or received on loan (short positions).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities designated at fair value through profit or loss: financial liabilities are included in this category when they provide more relevant information, either because this eliminates or significantly reduces recognition or measurement inconsistencies (accounting mismatches) that would otherwise arise from measuring assets or liabilities or recognising the gains or losses on them on different bases, or because a group of financial liabilities or financial assets and liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided on that basis to the Group’s key management personnel. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Liabilities may only be included in this category on the date when they are incurred or originated.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities at amortised cost: financial liabilities, irrespective of their instrumentation and maturity, not included in any of the above-mentioned categories which arise from the ordinary borrowing activities carried on by financial institutions.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ic42f3195efbe4dd89e54cecd83316288"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Classification of financial liabilities for presentation purposes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial liabilities are classified by nature into the following items in the consolidated balance sheet:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Deposits: includes all repayable balances received in cash by Grupo Santander, other than those instrumented as marketable securities and those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors), except for the debt instruments issued. This item also includes cash bonds and cash consignments received the amount of which may be invested without restriction. Deposits are classified on the basis of the creditor’s institutional sector into:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Central banks: deposits of any nature, including credit received and money market transactions received from the Bank of Spain or other central banks.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Credit institutions: deposits of any nature, including credit received and money market transactions in the name of credit institutions.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:2.47pt">Customer: includes the remaining deposits, including money market transactions through central counterparties.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Marketable debt securities: includes the amount of bonds, debentures and other debt represented by marketable securities, other than those having the substance of subordinated liabilities (amount of the loans received, which for credit priority purposes are after common creditors, and includes the amount of the financial instruments issued by the Group which, having the legal nature of capital, do not meet the requirements to qualify as equity, such as certain preferred shares issued). This item includes the component that has the consideration of financial liability of the securities issued that are compound financial instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives: includes the fair value, with a negative balance for the Group, of derivatives, including embedded derivatives separated from the host contract, which do not form part of hedge accounting.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Short positions: includes the amount of financial liabilities arising from the outright sale of financial assets acquired under reverse repurchase agreements or borrowed.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other financial liabilities: includes the amount of payment obligations having the nature of financial liabilities not included in other items (includes, among others, the balance of lease liabilities recognized in accordance with IFRS 16), and liabilities under financial guarantee contracts, unless they have been classified as non-performing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repurchase agreements and reverse repurchase agreements: Sales of financial instruments under a non-optional resale (repurchase) agreement at a fixed price (repos) are recognised in the consolidated balance sheet as financing received, based on the nature of the creditor, under 'Deposits from central banks', 'Deposits from credit institutions' or 'Customer deposits'. Differences between the purchase and sale prices is recorded as interest accrued over the life of the contract, using the effective interest rate method.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Changes in the fair value of hedged items in portfolio hedges of interest rate risk: this item is the balancing entry for the amounts charged to the consolidated income statement in respect of the measurement of the portfolios of financial instruments which are effectively hedged against interest rate risk through fair value hedging derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging derivatives: includes the fair value of the Group’s liability in respect of derivatives, including embedded derivatives separated from hybrid financial instruments, designated as hedging instruments in hedge accounting.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The preference shares contingently convertible into ordinary shares eligible as Additional Tier 1 capital (PPCC) -perpetual shares, which may be repurchased by the issuer in certain circumstances, the interest on which is discretionary, and would convert into variable number of newly issued ordinary shares if the capital ratio of the Bank or its consolidated group falls below a given percentage (trigger event), as those two terms are defined in the related issue prospectuses are recognised for accounting purposes by the Group as compound instruments in accordance with IAS 32. The liability component reflects the issuer’s obligation to deliver a variable number of shares and the equity component reflects the issuer’s discretion in relation to the payment of the related coupons. In order to effect the initial allocation, the Group estimates the fair value of the liability as the amount that would have to be delivered if the trigger event were to occur immediately and, accordingly, the equity component, calculated as the residual amount, is zero. In view of the aforementioned discretionary nature of the payment of the coupons, they are deducted directly from equity.</span></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Capital perpetual preference shares (PPCA), with the possibility of purchase by the issuer in certain circumstances, whose remuneration is discretionary, and which will be amortised permanently, totally or partially, in the event that the bank or its consolidated group submits a capital ratio lesser than a certain percentage (trigger event), as defined in the corresponding prospectuses, are accounted for by the Group as equity instruments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives embedded in other financial instruments or in other host contracts are accounted for separately as derivatives if their risks and characteristics are not closely related to those of the host contracts, provided that the host contracts are not classified as financial assets/liabilities designated at fair value through profit or loss or as 'Financial assets/liabilities held for trading'.</span></div> Measurement of financial assets and liabilities and recognition of fair value changes<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial assets and liabilities are initially recognised at fair value which, in the absence of evidence to the contrary, is deemed to be the transaction price. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this regard, IFRS 9 states that regular way purchases or sales of financial assets shall be recognised and derecognised on the trade date or on the settlement date. Grupo Santander has opted to make such recognition on the trading date or settlement date, depending on the convention of each of the markets in which the transactions are carried out. For example, in relation to the purchase or sale of debt securities or equity instruments traded in the Spanish market, securities market regulations stipulate their effective transfer at the time of settlement and, therefore, the same time has been established for the accounting record to be made.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of instruments not measured at fair value through profit and loss is adjusted by transaction costs. Subsequently, and on the occasion of each accounting close, they are valued in accordance with the following criteria:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6da3ee17554d4070864a7b7d72d7c40c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Measurement of financial assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial assets are measured at fair value are valued mainly at their fair value without deducting any transaction cost for their sale.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of a financial instrument on a given date is taken to be the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The most objective and common reference for the fair value of a financial instrument is the price that would be paid for it on an active, transparent and deep market (quoted price or market price). At 31 December 2025, there were no significant investments in quoted financial instruments that had ceased to be recognised at their quoted price because their market could not be deemed to be active.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If there is no market price for a given financial instrument, its fair value is estimated on the basis of the price established in recent transactions involving similar instruments and, in the absence thereof, of valuation techniques commonly used by the international financial community, taking into account the specific features of the instrument to be measured and, particularly, the various types of risk associated with it.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All derivatives are recognised in the balance sheet at fair value from the trade date. If the fair value is positive, they are recognised as an asset and if the fair value is negative, they are recognised as a liability. The fair value on the trade date is deemed, in the absence of evidence to the contrary, to be the transaction price. The changes in the fair value of derivatives from the trade date are recorded in the consolidated income statement. Specifically, the fair value of financial derivatives traded in organised markets included in the portfolios of financial assets or liabilities held for trading is deemed to be their daily quoted price and if, for exceptional reasons, the quoted price cannot be determined on a given date, these financial derivatives are measured using methods similar to those used to measure derivatives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of derivatives is taken to be the sum of the future cash flows arising from the instrument, discounted to present value at the date of measurement (present value or theoretical close) using valuation techniques commonly used by the financial markets: net present value, option pricing models and other methods.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of debt securities and loans and advances under a business model whose objective is to collect the principal and interest flows are valued at their amortised cost, as long as they comply with the 'SPPI' (Solely Payments of Principal and Interest) test, using the effective interest rate method in their determination. Amortised cost refers to the acquisition cost of a corrected financial asset or liability (more or less, as the case may be) for repayments of principal and the part systematically charged to the consolidated income statement of the difference between the initial cost and the corresponding reimbursement value at expiration. In the case of financial assets, the amortised cost includes, in addition, the corrections to their value due to the impairment. In the loans and advances covered in fair value hedging transactions, the changes that occur in their fair value related to the risk or the risks covered in these hedging transactions are recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective interest rate is the discount rate that exactly matches the carrying amount of a financial instrument to all its estimated cash flows of all kinds over its remaining life. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For fixed rate financial instruments, the effective interest rate coincides with the contractual interest rate established on the acquisition date plus, where applicable, the fees and transaction costs that, because of their nature, form part of their financial return. In the case of floating rate financial instruments, the effective interest rate coincides with the rate of return prevailing in all connections until the next benchmark interest reset date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Equity instruments and contracts related with these instruments are measured at fair value. However, in certain circumstances the Group estimates cost value as a suitable estimate of the fair value. This can happen if the recent event available information is not enough to measure the fair value or if there is a broad range of possible measures and the cost value represents the best estimates of fair value within this range.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts at which the financial assets are recognised represent, in all material respects, the Group’s maximum exposure to credit risk at each reporting date. Also, Grupo Santander has received collateral and other credit enhancements to mitigate its exposure to credit risk, which consist mainly of mortgage guarantees, cash collateral, equity instruments and personal security, assets leased out under finance lease and full-service lease agreements, assets acquired under repurchase agreements, securities loans and credit derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i089c47b8db924ec587c4a69d5a551897"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Measurement of financial liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, financial liabilities are measured at amortised cost, as defined above, except for those included under 'Financial liabilities held for trading' and 'Financial liabilities designated at fair value through profit or loss' and financial liabilities designated as hedged items (or hedging instruments) in fair value hedges, which are measured at fair value. The changes in credit risk arising from financial liabilities designated at fair value through profit or loss are recognised in accumulated other comprehensive income, unless they generate or increase an accounting mismatch, in which case changes in the fair value of the financial liability in all respects are recognised in the income statement.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibfbb4be27e0e4658adbe6a8ba97a7204"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Valuation techniques</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial instruments at fair value determined on the basis of published price quotations in active markets (level 1) include government debt securities, private-sector debt securities, derivatives traded in organised markets, securitised assets, shares, short positions and fixed-income securities issued.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In cases where price quotations cannot be observed, management makes its best estimate of the price that the market would set, using its own internal models, described in note 50. In most cases, these internal models use data based on observable market parameters as significant inputs (level 2) and, in cases, they use significant inputs not observable in market data (level 3). In order to make these estimates, various techniques are employed, including the extrapolation of observable market data. The best evidence of the fair value of a financial instrument on initial recognition is the transaction price, unless the fair value of the instrument can be obtained from other market transactions performed with the same or similar instruments or can be measured by using a valuation technique in which the variables used include only observable market data, mainly interest rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if09e92b9825644f9b9a015a0aa4d755d"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Recognition of fair value changes</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a general rule, changes in the carrying amount of financial assets and liabilities are recognised in the consolidated income statement. A distinction is made between the changes resulting from the accrual of interest and similar items, (which are recognised under Interest income or Interest expense, as appropriate), and those arising for other reasons, which are recognised at their net amount under 'Gains/losses on financial assets and liabilities'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments due to changes in fair value arising from:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'Financial assets at fair value with changes in other comprehensive income' are recorded temporarily, in the case of debt instruments in 'Other comprehensive income - Elements that can be reclassified to profit or loss - Financial assets at fair value with changes in other comprehensive income', while in the case of equity instruments are recorded in 'other comprehensive income - Elements that will not be reclassified to line item - Changes in the fair value of equity instruments valued at fair value with changes in other comprehensive income'. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences on debt instruments measured at fair value with changes in other comprehensive income are recognised under 'Exchange Differences, net' of the consolidated income statement. Exchange differences on equity instruments, in which the irrevocable option of being measured at fair value with changes in other comprehensive income has been chosen, are recognised in 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Items charged or credited to 'Items that may be reclassified to profit or loss – Financial assets at fair value through other comprehensive income' and 'Other comprehensive income – Items that may be reclassified to profit or loss – Exchange differences in equity' remain in the Group's consolidated equity until the asset giving rise to them is impaired or derecognised, at which time they are recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Unrealized capital gains on financial assets at fair value through other comprehensive income classified as 'Non-current assets held for sale' because they form part of a disposal group or a discontinued operation that are recorded in the equity balancing entry 'Other accumulated comprehensive income - Items that can be reclassified in income - Non-current assets as held for sale.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4d94ffbbf7344ed5ade54eb8bad38462"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Hedging transactions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The objective of hedge accounting is to represent in the financial statements the effect of an entity's risk management activities when it uses financial instruments to manage exposures arising from specific risks that could affect profit or loss or other comprehensive income (in the case of investments in equity instruments for which the entity has opted to represent changes in the fair value of other comprehensive income).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As described in Note 1.b, the Group has adopted IFRS 9 for hedge accounting prospectively, while continuing to apply IAS 39 for fair value hedges in portfolios where the hedged risk is interest rate risk. This change has not resulted in any modifications to the accounting treatment of hedges designated under IAS 39, which remain unchanged in both their designation and accounting treatment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For a hedging relationship to meet the requirements set out in IFRS 9, it must meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    Instruments that can be designated as hedging instruments include all derivative financial instruments or non-derivative financial instruments measured at fair value through profit or loss, or a combination thereof. In the case of foreign exchange risk hedges, any type of non-derivative financial instrument can also be designated, regardless of its measurement method.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2. Items that can be designated as covered items are all those that are recognized assets or liabilities, firm commitments, highly probable anticipated transactions, and net investments abroad.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.    At the start of coverage, a formal designation and documentation of the hedging relationship must be made, which will include the entity's risk management strategy and objective, identification of the hedging instrument and the covered item, the nature of the covered risk, the methodology for measuring effectiveness, which includes an analysis of the sources of ineffectiveness, and the coverage ratio.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main sources of ineffectiveness based on the risk covered are:</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Interest rate risk: mismatches in time horizons, principal, repricing and payment dates, time value of options, modifications in the hedged item or the hedging instrument.</span></div><div style="margin-bottom:9pt;padding-left:19.84pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Exchange rate risk: in addition to the above, the difference between the interest rates of the two currencies that represents the net cost or benefit of switching cash flows between two currencies with different interest rates.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">4. The hedging relationship must be effective, for which there must be an economic relationship between the hedged item and the hedging instrument, credit risk must not have a dominant effect on changes in the value of the economic relationship between the hedging instrument and the hedged item, and the hedging ratio must coincide with that used by the entity in its management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group assesses these effectiveness requirements, at the time of designation and on each submission date, through:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic relationship between the hedged item and the hedging instrument is demonstrated through a qualitative test, and in the event of non-compliance, through quantitative tests that compare the market value of the hedged items—corresponding to the hedged risk—and the hedging instruments. Likewise, a quantitative analysis of variations in the market values of the hedging instrument and the hedged item is performed prospectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The hedge ratio is determined based on the proportion between the amount of the hedged item and the amount of the instrument actually designated by the Group in each hedging relationship.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> The credit risk domain assessment is performed through an analysis of the credit exposure of the hedged items and the hedging instruments.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accounting hedges are classified and recorded according to the type of risk they cover, based on the following criteria:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value hedges: These are hedges against exposure to changes in the fair value of the hedged item, attributable to a specific risk.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The differences arising from both the hedging instruments and the hedged items (due to the hedged risk) are recognized directly in the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the fair value hedge is discontinued, the adjustments previously recorded in the hedged item are charged to profit or loss using the effective interest rate method recalculated at the date the hedge ceases to be covered, and must be fully amortized at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In fair value hedges of interest rate risk of a portfolio of financial instruments (macro hedges), regulated by IAS 39, the gains or losses arising from the valuation of the hedging instruments are recognized directly in the consolidated profit and loss account, while the gains or losses due to changes in the fair value of the hedged amount (attributable to the hedged risk) are recognized in the consolidated profit and loss account using as a counterpart the headings 'Changes in the fair value of hedged items' of a portfolio with interest rate risk hedge (asset or liability), as appropriate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flow hedges: These are hedges against exposure to changes in cash flows attributable to a specific risk associated with the hedged item.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the change in the value of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Hedging derivatives. Cash flow hedges (effective portion)' until the hedged item affects profit or loss. From that point onward, it will be recorded in the consolidated profit or loss account for the same period as the hedged item, except in cases where it is required to be included in the cost of the non-financial asset or liability, or the anticipated transactions are ultimately recognized as non-financial assets or liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When cash flow hedges are discontinued, the accumulated result of the hedging instrument recognized in the equity heading 'Other accumulated global result' (while the hedge was effective) will continue to be recognized in that heading until the hedged transaction occurs, at which time it will be recorded in profit or loss, unless it is expected that the transaction will not take place, in which case it is recorded immediately in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net investment hedges of a foreign operation: This is a hedge of the amount corresponding to the reporting entity's share of the net assets of said operation.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective portion of the hedging instrument is temporarily recorded in the equity account 'Other accumulated comprehensive income - Items that may be reclassified in profit or loss - Net investment hedges' in foreign operations until the gains or losses on the hedged item are recognized in profit or loss.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure ineffectiveness, the Group compares the valuation of the hedging instrument with the valuation of the hedged item based on the hedged risk, using different methodologies such as the proxy method or the hypothetical derivative method. The ineffective portion of the cash flow and net investment hedge relationships in foreign operations is recorded directly in the consolidated profit and loss account, under the heading 'Net gains or losses from hedge accounting'. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group discontinues accounting for hedging relationships when the hedging instrument expires, is sold, or when the hedging relationship becomes ineffective because it is no longer aligned with the risk management objective. In that case, the derivative is then treated as a trading derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If a hedging relationship ceases to meet the effectiveness requirements, but the risk management objective remains, the Group will assess whether to rebalance or adjust the hedging ratio to meet the effectiveness requirements again without discontinuing the hedging relationship.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A hedging instrument is generally designated in its entirety, as the factors contributing to its fair value are interdependent. However, IFRS 9 allows certain parts of a hedging instrument to be excluded from its fair value:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Separating the intrinsic value and the time value of an option and designating only the intrinsic element as the hedging instrument, which is mandatory if the intrinsic value is designated;</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Separating the forward and spot elements of a forward contract and designating only the spot element as the hedging instrument, which will be determined for each hedging relationship. and</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">Separate the foreign currency basis spread of a currency derivative and exclude it from the designation of the hedging instrument, as determined for each hedging relationship.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Separating these components will improve the effectiveness of the hedge and allows for alternative accounting treatment for the excluded component. This treatment consists of recording the changes in value under the heading 'Other accumulated comprehensive income – Undesignated items' and recording this component in the consolidated profit or loss statement, depending on the nature of the hedged item, either over a period of time or at the time the hedged transaction occurs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, if the entity manages the credit risk of all or part of a financial instrument through the use of credit derivatives, there is the option of designating a fair value credit exposure through profit or loss, provided that the derivative matches the name and priority of the financial instrument being hedged. This designation may be made at the initial recognition of the designated financial instrument or subsequently, with the designation being documented. From its designation, fair value variations (for all its risks, not exclusively credit risk) will be recorded in the consolidated profit and loss account.</span></div></div></div> Derecognition of financial assets and liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting treatment of transfers of financial assets depends on the extent to which the risks and rewards associated with the transferred assets are transferred to third parties:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    If the Group transfers substantially all the risks and rewards to third parties unconditional -sale of financial assets, sale of financial assets under an agreement to repurchase them at their fair value at the date of repurchase, sale of financial assets with a purchased call option or written put option that is deeply out of the money, securitisation of assets in which the transferor does not retain a subordinated debt or grant any credit enhancement to the new holders, and other similar cases-, the transferred financial asset is derecognised and any rights or obligations retained or created in the transfer are recognised simultaneously.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.    If the Group retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets under an agreement to repurchase them at a fixed price or at the sale price plus interest, a securities lending agreement in which the borrower undertakes to return the same or similar assets, and other similar cases-, the transferred financial asset is not derecognised and continues to be measured by the same criteria as those used before the transfer. In this case, the following items are recognised:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">An associated financial liability, which is recognised for an amount equal to the consideration received and is subsequently measured at amortised cost, unless it meets the requirements for classification under 'Financial liabilities designated at fair value through profit or loss'.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">The income from the transferred financial asset not derecognised and any expense incurred on the new financial liability, without offsetting.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.    If the Group neither transfers nor retains substantially all the risks and rewards associated with the transferred financial asset -sale of financial assets with a purchased call option or written put option that is not deeply in or out of the money, securitisation of assets in which the transferor retains a subordinated debt or other type of credit enhancement for a portion of the transferred asset, and other similar cases- the following distinction is made:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If the transferor does not retain control of the transferred financial asset, the asset is derecognised and any rights or obligations retained or created in the transfer are recognised.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If the transferor retains control of the transferred financial asset, it continues to recognise it for an amount equal to its exposure to changes in value and recognises a financial liability associated with the transferred financial asset. The net carrying amount of the transferred asset and the associated liability is the amortised cost of the rights and obligations retained, if the transferred asset is measured at amortised cost, or the fair value of the rights and obligations retained, if the transferred asset is measured at fair value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, financial assets are only derecognised when the rights to the cash flows they generate have expired or when substantially all the inherent risks and rewards have been transferred to third parties. Similarly, financial liabilities are only derecognised when the obligations they generate have been extinguished or when they are acquired with the intention either to cancel them or to resell them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding contractual modifications of financial assets, Grupo Santander distinguishes two main categories depending on whether the new conditions result in the disposal of the asset (and recognition of a new one) or imply the continuation of the original instrument with the new modified terms:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contractual modifications for commercial or market reasons, which are generally carried out at the request of the debtor to apply current market conditions to the debt. The new contract is considered a new transaction and, consequently, it is necessary to derecognize the original financial asset and recognize a new financial asset subject to the classification and measurement requirements established by IFRS 9. The new financial asset will be recorded at fair value and, if applicable, the difference between the carrying amount of the asset derecognized and the fair value of the new asset will be recognized in profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Modifications due to refinancing or restructuring, in which the payment conditions are modified to allow a customer that is experiencing financial difficulties (current or foreseeable) to meet its payment obligations and that, if such modification had not been made, it would be reasonably certain that it would not be able to meet such payment obligations. In this case, the modification does not result in the derecognition of the financial asset, but rather the original financial asset is maintained and does not require a new assessment of its classification and measurement. When assessing credit impairment, the current credit risk (considering the modified cash flows) should be compared with the credit risk at initial recognition. The gross carrying amount of the financial asset (the present value of the renegotiated or modified contractual cash flows that are discounted at the original effective interest rate of the financial asset) should be recalculated, with a gain or loss recognized in profit or loss for the difference.</span></div> Offsetting of financial instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial asset and liability balances are offset, i.e. reported in the consolidated balance sheet at their net amount, only if the Group entities currently have a legally enforceable right to set off the recognised amounts and intend either to settle on a net basis, or to realise the asset and settle the liability simultaneously.</span></div> Impairment of financial assets<div style="margin-bottom:3pt;margin-top:6pt"><span id="i283af405fc7c4a24b838197c064ca2fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Definition</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander associates an impairment in the value to financial assets measured at amortised cost, debt instruments measured at fair value with changes in other comprehensive income, lease receivables, assets from contracts and loan commitments and the financial guarantees issued that are not measured at fair value through profit or loss.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognised impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of purchased or originated credit-impaired assets, the Group only recognizes at the reporting date the changes in the expected credit losses during the life of the asset since the initial recognition as a credit loss. In the case of assets measured at fair value with changes in other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, reflecting the rest of the valuation in other comprehensive income.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be along 12 months or during the life of the financial instrument:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">12-month expected credit losses: arising from the potential default events, as defined in the following sections that are estimated to be likely to occur within the 12 months following the reporting date. These losses will be associated with financial assets classified as 'normal risk' as defined in the following sections.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected credit losses over the life of the financial instrument: arising from the potential default events that are estimated to be likely to occur throughout the life of the financial instruments. These losses are associated with financial assets classified as 'normal risk under watchlist' or 'doubtful risk'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. prepayments, duration, purchase options, etc.), being the contractual period (including extension options) the maximum period considered to measure the expected credit losses. In the case of financial instruments with an uncertain maturity period and a component of undrawn commitment (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, also considering the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following constitute effective guarantees:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)    Mortgage guarantees on housing as long as they are first duly constituted and registered in favour of the entity. The properties include:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">Buildings and building elements, distinguishing among:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Houses.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Offices, stores and multi-purpose premises.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rest of buildings such as non-multi-purpose premises and hotels.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">Urban and developable ordered land.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt"> Rest of properties that classify as: buildings and building elements under construction, such as property development in progress and halted development, and the rest of land types, such as rustic lands.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)    Collateral guarantees on financial instruments in the form of cash deposits, debt securities or equity instruments issued by creditworthy issuers.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)    Other types of real guarantees, including properties received in guarantee and second and subsequent mortgages on properties, as long as the entity demonstrates its effectiveness. When assessing the effectiveness of the second and subsequent mortgages on properties the entity will implement particularly restrictive criteria. It will take into account, among others, whether the previous charges are in favour of the entity itself or not and the relationship between the risk guaranteed by them and the property value.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)    Personal guarantees, as well as the incorporation of new owners, covering the entire amount of the financial instruments and implying direct and joint liability to the entity of persons or other entities whose solvency is sufficiently proven to ensure the repayment of the loan on the agreed terms.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different aspects that the Group considers for the evaluation of effective guarantees are set out below in relation to the individual analysis.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i31f6193db9db45db9ab2d4646cdb5ac2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Financial instruments presentation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of estimating the impairment amount, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, commitments and guarantees) measured at amortised cost or fair value through other comprehensive income in one of the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal Risk ('stage 1'): includes all instruments that do not meet the requirements to be classified in the rest of the categories.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Normal risk under watchlist ('stage 2'): includes all instruments that, without meeting the criteria for classification as doubtful or default risk, have experienced significant increases in credit risk since initial recognition.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as 'normal risk under watchlist' may be generally reclassified to 'normal risk' in the following circumstances: at least two years have elapsed from the date of reclassification to that category or from its forbearance date, the client has paid the accrued principal and interest balance, and the client has no other instruments with more than 30 days past due balances.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Doubtful Risk ('stage 3'): includes financial instruments, overdue or not, in which, without meeting the circumstances to classify them in the category of default risk, there are reasonable doubts about their total repayment (principal and interests) by the client in the terms contractually agreed. Likewise, off-balance-sheet exposures whose payment is probable and their recovery doubtful are considered in stage 3. Within this category, two situations are differentiated:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for non-performing loans: financial instruments, irrespective of the client and guarantee, with balances more than 90 consecutive days on material arrears for principal, interest or expenses contractually agreed. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This category also includes all loan balances for a client when the operations with more than 90 consecutive days on material arrears are greater than 20% of the amounts pending collection. </span></div><div style="margin-bottom:9pt;padding-left:21.26pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These instruments may be reclassified to other categories if, as a result of the collection of part of the past due balances, the reasons for their classification in this category do not remain and the client does not have balances more than 90 consecutive days on material arrears in other loans.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Doubtful risk for reasons other than non-performing loans: this category includes doubtful recovery financial instruments that are not more than 90 consecutive days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander considers that a financial instrument to be doubtful for reasons other than delinquency when one or more combined events have occurred with a negative impact on the estimated future cash flows of the financial instrument. To this end, the following indicators, among others, are considered:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Negative net equity or decrease because of losses of the client's net equity by at least 50% during the last financial year.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Continued losses or significant decrease in revenue or, in general, in the client's recurring cash flows.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.92pt">Generalised delay in payments or insufficient cash flows to service debts.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Significantly inadequate economic or financial structure or inability to obtain additional financing by the client.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.25pt">Existence of an internal or external credit rating showing that the client is in default.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">f)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.73pt">Existence of overdue customer commitments with a significant amount to public institutions or employees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These financial instruments may be reclassified to other categories if, as a result of an individualised study, reasonable doubts do not remain about the total repayment under the contractually agreed terms and the client does not have balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of forbearances, instruments classified as doubtful risk may be reclassified to the category of 'normal risk under watchlist' when the following circumstances are present: a minimum period of one year has elapsed from the forbearance date, the client has paid the accrued principal and interest amounts, and the client has no other loan balances of 90 days on material arrears.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Default Risk: includes all financial assets, or part of them, for which, after an individualised analysis, their recovery is considered remote due to a notorious and irrecoverable deterioration of their solvency.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any event, except in the case of financial instruments with effective collateral covering a substantial portion of the transaction amount, the Group generally consider as remote the following:</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations that, after an individualized analysis, are categorized as unsustainable debt, assuming an irrecoverability of such debt.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Transactions classified as doubtful due to non-performing loans with recovery costs that exceed the amounts receivable.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- The operations on which the award is executed. The queue of these operations shall be included under default risk, as the recovery of the flows, provided that no further guarantees associated with the operation remain after the award of the property.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:18pt;text-indent:-6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">- Those operations on which a deduction is made, the portion of the operation corresponding to that deduction, will be given as a balance at the time of signature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A financial asset amount is maintained in the balance sheet until they are considered as a 'default risk', either all or a part of it, and the write-off is registered against the balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of operations that have only been partially derecognised, for forgiveness reasons or because part of the total balance is considered unrecoverable, the remaining amount shall be fully classified in the category of 'doubtful risk', except where duly justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The classification of a financial asset, or part of it, as a 'default risk' does not involve the disruption of negotiations and legal proceedings to recover the amount.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iccd172da29b94981aac9cadfebbc7e65"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Impairment valuation assessment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has policies, methods and procedures in place to hedge its credit risk, both due to the insolvency attributable to counterparties and its residence in a specific country. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These policies, methods and procedures are applied in the concession, study and documentation of financial assets, commitments and guarantees, as well as in the identification of their impairment and in the calculation of the amounts needed to cover their credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The impairment represents the best estimation of the financial assets expected credit losses at the balance sheet date, assessed both individually and collectively.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individually: for the purposes of estimating the provisions for credit risk arising from the insolvency of a financial instrument, the Group individually assesses impairment by estimating the expected credit losses on those financial instruments that are considered to be significant and with sufficient information to make such an estimate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, this classification mostly includes wholesale banking customers —Corporations, specialised financing— as well as some of the largest companies —Chartered and real estate developers— from retail banking. The determination of the perimeter in which the individualised estimate is applied is detailed in a later section.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows receivable discounted using the original effective interest rate of the transaction. The estimate of these cash flows takes into account all available information on the financial asset and the effective guarantees associated with that asset. This estimation process is detailed below.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Collectively: the Group also assesses impairment by estimating the expected credit losses collectively in cases where they are not assessed on an individual basis. This includes, for example, loans with individuals, sole proprietors or businesses in retail banking subject to a standardised risk management.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of the collective assessment of expected credit losses, the Group has consistent and reliable internal models. For the development of these models, instruments with similar credit risk characteristics that are indicative of the debtors' capacity to pay are considered.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander performs retrospective and monitoring tests to evaluate the reasonableness of the collective estimate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, the methodology required to estimate the expected credit loss due to credit events is based on an unbiased and weighted consideration by the probability of occurrence of a series of scenarios, considering a range of three to five possible future scenarios, depending on the characteristics of each unit, which could have an impact on the collection of contractual cash flows, always taking into account the time value of money, as well as all available, reasonable and sustainable information on past events, current conditions and forecasts of the evolution of macroeconomic scenarios that are shown to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), housing price, unemployment rate, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimation of expected losses requires expert judgment and the support of historical, current and future information. The probability of loss is measured considering past events, the present situation and future trends of macroeconomic scenarios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses forward-looking information in both internal risk management and prudential regulation processes, so that for the calculation of the impairment loss allowance, various scenarios are incorporated that take advantage of the experience with such information, thus ensuring consistency in obtaining the expected loss.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The complexity of the estimation in this exercise has been derived from the current macroeconomic scenario as a consequence of the complex geopolitical situation, as well changes in inflations levels and interest rates, which has generated uncertainty in economic evolution.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has internally ensured the criteria to be followed for guarantees received from government bodies, both through credit lines and other public guarantees, so that when they are adequately reflected in each of the contracts, they are recognised as mitigating factors of the potential expected losses, and therefore of the provisions to be recognised, based on the provisions of the applicable standard (IFRS 9 Par. B5.5.55). Furthermore, where applicable, these guarantees are appropriately reflected in the mitigation of the significant increase in risk, considering their nature as personal guarantees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of the parameters used in the estimation of impairment provisions -EAD (exposure at default), PD (probability of default), LGD (loss given default)-, the Group based its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment provision models under IFRS 9.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Exposure at default: is the amount of estimated risk incurred at the time of the counterparty's analysis.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Probability of default: is the estimated probability that the counterparty will default on its principal and/or interest payment obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loss given default: is the estimate of the severity of the loss incurred in the event of non-compliance. It depends mainly on the updating of the guarantees associated with the operation and the future cash flows that are expected to be recovered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In any case, when estimating the flows expected to be recovered, portfolio sales are included. It should be noted that due to the Group's recovery policy and the experience observed in relation to the prices of past sales of assets classified as stage 3 and/or default risk, there is no substantial divergence between the flows obtained from recoveries after performing recovery management of the assets with those obtained from the sale of portfolios of assets discounting structural expenses and other costs incurred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The definition of default implemented by the Group for the purpose of calculating the impairment provision models is based on the definition in Article 178 of Regulation 575/2013 of the European Union (CRR), which is fully aligned with the requirements of IFRS 9, which considers that a 'default' exists in relation to a specific customer/contract when at least one of the following circumstances exists: the entity considers that there are reasonable doubts about the payment of all its credit obligations or that the customer/contract is in an irregular situation for more than 90 consecutive days past due material balances with respect to any significant credit obligation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander aligned partially and voluntarily during 2022 the accounting definition of Stage 3, as well as the calculation of impairment provision models, to the New Definition of Default, incorporating the criteria defined by the EBA in its implementation guide of the definition of default, capturing the economic deterioration of the operations (days in default - on a daily basis - and materiality thresholds - minimum amount in arrears). The alignment of criteria was done taking into account the criteria of IFRS 9 as well as the accounting principles of unbiased presentation of financial information. Grupo Santander registered an increase in the default rate at around 19 basis points, with no material impact on the provision figures for credit risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group considers the risk generated in all cross-border transactions due to circumstances other than the usual commercial risk of insolvency (sovereign risk, transfer risk or risks arising from international financial activity, such as wars, natural catastrophes, balance of payments crisis, etc.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 9 includes a series of practical solutions that can be implemented by entities, with the aim of facilitating its implementation. In order to achieve a complete and high-level implementation of the standard, and following the best practices of the industry, the Group applies these practical solutions adapting them to their own characteristics and circumstances:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Rebuttable presumption that the credit risk has increased significantly, when payments are more than 30 days past due: this threshold is used as an additional, but not primary, indicator of significant risk increase. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Assets with low credit risk at the reporting date: the Group adopts this practice prioritizing its reduced and punctual use and its systematic and periodic justification through quantitative evidence. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This information is provided in more detail in note 54.b.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i9c52c0a773f8484bac5280424038dcc7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Detail of individual estimate of impairment</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the individual estimate of the assessment for impairment of the financial asset, the Group has a specific methodology to estimate the value of the cash flows expected to be collected:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the debtor's ordinary activities (going approach).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Recovery through the execution and sale of the collateral guaranteeing the operations (gone approach).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Gone approach:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a. Evaluation of the effectiveness of guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the effectiveness of all the guarantees associated considering the following:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time required to execute these guarantees.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Grupo Santander's ability to enforce or assert these guarantees in its favour.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The existence of limitations imposed by each local unit´s regulation on the foreclosure of collateral.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under no circumstances the Group considers that a guarantee is effective if its effectiveness depends substantially on the solvency of the debtor, as could be the case:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Promises of shares or other securities of the debtor himself when their valuation may be significantly affected by a debtor's default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal cross-collateralisation: when the guarantor of a transaction is, at the same time, guaranteed by the holder of that transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The different types of effective guarantees have been detailed in section i. Definition</span></div><div style="margin-bottom:6pt;text-indent:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b. Valuation of guarantees</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the guarantees on the basis of their nature in accordance with the following:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Mortgage guarantees on properties associated with financial instruments, using complete individual valuations carried out by independent valuation experts and under generally accepted valuation standards. If this is not possible, alternative valuations are used with duly documented and approved internal valuation models.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Personal guarantees are valued individually on the basis of the guarantor´s updated information.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The rest of the guarantees are valued based on current market values.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c. Adjustments to the value of guarantees and estimation of future cash flow inflows and outflows</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a series of adjustments to the value of the guarantees in order to improve the reference values:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Adjustments based on the historical sales experience of local units for certain types of assets.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Individual expert adjustments based on additional management information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, to adjust the value of the guarantees, the time value of money is taken into account based on the historical experience of each of the units, estimating:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Period of adjudication.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated time of sale of the asset.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group takes into account all those cash inflows and outflows linked to that guarantee until it is sold:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Possible future income commitments in favour of the borrower which will available after the asset is awarded.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated foreclosure costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Asset maintenance costs, taxes and community costs.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Estimated marketing or sales costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, since it is considered that the guarantee will be sold in the future, the Group applies an additional adjustment ('index forward') in order to adjust the value of the guarantees to future valuation expectations.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i51a0b477e28c414aa9b7a3fe6148a03a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Impairment individual assessment scope</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander determines the perimeter over which it makes an estimate of the assessment for impairment on an individual basis based on a relevance threshold set by each of the geographical areas and the stage in which the operations are located. In general, the Group applies the individualised calculation of expected losses to the significant exposures classified in stage 3, although Banco Santander, S.A. has also extended its analyses to some of the exposures classified in stage 2.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It should be noted that, in any case and irrespective of the stage in which their transactions are carried out, for customers who do not receive standardised treatment, a relational risk management model is applied, with individualised treatment and monitoring by the assigned risk analyst. In addition to wholesale customers (Santander Corporate &amp; Investment Banking or SCIB) and large companies, this relational management model also includes other segments of smaller companies for which there is information and capacity for more personalised and expert analysis and monitoring. As indicated in the Group's wholesale credit model, the individual treatment of the client facilitates the continuous updating of information. The risk assumed must be followed and monitored throughout its life cycle, enabling anticipation and action to be taken in the event of possible impairments. In this way, the customer's credit quality is analysed individually, taking into account specific aspects such as his competitive position, financial performance, management, etc. In the wholesale risk management model, every customer with a credit risk position is assigned a rating, which has an associated probability of customer default. </span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, individual analysis of the debtor triggers a specific rating for each customer, which determines the appropriate parameters for calculating the expected loss, so that it is the rating itself that initially modulates the necessary coverage, adjusting the severity of the possible loss to the guarantees and other mitigating factors that the customer may have available. In addition, if as a result of this individualised monitoring of the customer, the analyst finally considers that his coverage is not sufficient, he has the necessary mechanisms to adjust it under his expert judgement, always under the appropriate governance.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to determine whether a financial instrument has increased its credit risk since initial recognition and is to be classified in stage 2, the Group considers the following criteria:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:79.147%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Quantitative criteria</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the risk of a default occurring through the expected life of the financial instrument are analysed and quantified with respect to its credit level in its initial recognition.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With the purpose of determining if such changes are considered as significant, with the consequent classification into stage 2, each Group unit has defined the quantitative thresholds to consider in each of its portfolios taking into account corporate guidelines ensuring a consistent interpretation in all units.<br/></span><span style="font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within the quantitative thresholds, two types are considered: A relative threshold is those that compare current credit quality with credit quality at the time of origination in percentage terms of change. In addition, an absolute threshold compares both references in total terms, calculating the difference between the two. These absolute/relative concepts are used homogeneously (with different values) in all geographies. The use of one type of threshold or another (or both) is determined in accordance with the process described in note 54, below, and is marked by the type of portfolio and characteristics such as the starting point of the average credit quality of the portfolio.</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Qualitative criteria</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:110%">In addition to the quantitative criteria indicated, various indicators are used that are aligned with those used by the Group in the normal management of credit risk. Irregular positions of more than 30 days and renewals are common criteria in all Group units. In addition, each unit can define other qualitative indicators, for each of its portfolios, according to the particularities and normal management practices in line with the policies currently in force (i.e. use of management alerts, etc.).<br/>The use of these qualitative criteria is complemented with the use of an expert judgement, under the corresponding governance.</span></div></td></tr></table></div> 0.0019 0 'Non-current assets' and 'liabilities associated with non-current assets held for sale'<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-current assets held for sale' includes the carrying amount of individual items, disposal groups or items forming part of a business unit earmarked for disposal (discontinued operations), whose sale in their present condition is highly likely to be completed within one year from the reporting date. Therefore, the recovery of the carrying amount of these items -which can be of a financial nature or otherwise- will foreseeably be effected through the proceeds from their disposal.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Specifically, property or other non-current assets received by the consolidated entities as total or partial settlement of their debtors’ payment obligations to them are deemed to be 'Non-current assets held for sale', unless the consolidated entities have decided to make continuing use of these assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Liabilities associated with non-current assets held for sale' includes the balances payable arising from the assets held for sale or disposal groups and from discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Non-current assets and disposal groups of items that have been classified as held for sale' are generally recognised at the date of their allocation to this category and are subsequently valued at the lower of their fair value less costs to sell or its book value. 'Non-current assets and disposal groups of items that are classified as held for sale' are not amortised as long as they remain in this category.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The valuation of the portfolio of non-current assets held for sale has been made in compliance with the requirements of International Financial Reporting Standards in relation to the estimate of the fair value of tangible assets and the value-in-use of financial assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The value of the portfolio is determined as the sum of the values of the individual elements that compose the portfolio, without considering any total or batch grouping in order to correct the individual values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of its consideration in initial recognition, the Group obtains, at the time of award, the fair value of the corresponding asset by requesting an appraisal from external valuation agencies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has in place a corporate policy that ensures the professional competence and the independence and objectivity of the external appraisal agencies, in accordance with the regulations, which require appraisal agencies to meet independence, neutrality and credibility requirements, so that the use of their estimates does not reduce the reliability of its valuations. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This policy establishes that all the appraisal companies and agencies with which the Group works in Spain should be registered in the Official Register of the Bank of Spain and that the appraisals performed by them should follow the methodology established in Order ECO/805/2003, of 27 March. The main appraisal companies and agencies with which the Group worked in Spain in 2025 are as follows: Tinsa Tasaciones Inmobiliarias, S.A.U., Sociedad de Tasación, S.A., Global Valuation, S.A.U., Instituto de Valoraciones, S.A., Euroevaluaciones, S.A. and Valoraciones Mediterráneo, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, this policy establishes that the various subsidiaries abroad work with appraisal companies that have recent experience in the area and the type of asset under appraisal and meet the independence requirements established in the corporate policy. They should verify, inter alia, that the appraisal company is not a party related to the Group and that its billings to the Group in the last twelve months do not exceed 15% of the appraisal company’s total billings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the fair value less costs to sell of non-current assets held for sale exceeded their carrying amount by EUR 551 million (EUR 553 million at 31 December 2024); however, in accordance with the accounting standards, this unrealised gain could not be recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, in compliance with Bank of Spain Circular 4/2017, and subsequent amendments, on public and private financial reporting standards and financial statement models, has developed a methodology that enables it to estimate the fair value and costs of sale of assets foreclosed or received in payment of debts. This methodology is based on the classification of the portfolio of foreclosed assets into different segments. Segmentation enables the intrinsic characteristics of Banco Santander's portfolio of foreclosed assets to be differentiated, so that assets with homogeneous characteristics are grouped by segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Thus, the portfolio is segmented into (i) finished assets of a residential and tertiary nature, (ii) developments in progress and (iii) land.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:121%">In determining the critical segments in the overall portfolio, assets are classified on the basis of the nature of the asset and its stage of development. This segmentation is made in order to seek the liquidation of the asset (which should be carried out in the shortest possible time).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When making decisions, the situation and/or characteristics of the asset are fundamentally taken into account, as well as the evaluation of all the determining factors that favour the recovery of the debt. For them, the following aspects are analyzed, among others:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The time that has elapsed since the adjudication.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The transferability and contingencies of the foreclosed asset.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The economic viability from the real estate point of view with the necessary investment estimate.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The expenses that may arise from the marketing process.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The offers received, as well as the difficulties in finding buyers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of real estate assets foreclosed in Spain, which represent 76% of the Group’s total non-current assets held for sale, the valuation of the portfolio is carried out by applying the following models:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model used in the valuation of finished properties of a residential nature (mainly homes and car parks) and properties of a tertiary nature (offices, commercial premises and multipurpose buildings). For the valuation of finished assets whose availability for sale is immediate, a market sale value provided by a third party external to Banco Santander is considered, calculated under the AVM methodology by the comparable properties method adjusted by our experience in selling similar assets, given the term, price, volume, trend in the value of these assets and the time elapsing until their sale and discounting the estimated costs of sale.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value is determined on the basis of the definition established by the International Valuation Standards drawn up by the IVSC (International Valuation Standards Council), understood as the estimated amount for which an asset or a liability should be exchanged on the measurement date between a willing buyer and a willing seller, in an arm's length transaction, after appropriate marketing, and in which the parties have acted with sufficient information, prudently and without coercion.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current market value of the properties is estimated on the basis of automated valuations obtained by taking comparable properties as a reference; simulating the procedure carried out by an appraiser in a physical valuation according to Order ECO 805/2003: selection of properties and obtaining the unit value by applying homogenisation adjustments. The selection of the properties is carried out by location within the same real estate cluster and according to the characteristics of the properties, filtering by type</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, surface area range and age. The model enables a distinction to be made within the municipality under study as to which areas are similar and comparable and therefore have a similar value in the property market, discriminating between which properties are good comparators and which are not.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Adjustments to homogenize the properties are made according to: (i) the age of the property according to the age of the property to be valued, (ii) the deviation of the built area from the common area with respect to the property to be valued and (iii) by age of the date of capture of the property according to the price evolution index of the real estate market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, for individually significant assets, complete individual valuations are carried out, including a visit to the asset, market analysis (data relating to supply, demand, current sale or rental price ranges and supply-demand and revaluation expectations) and an estimate of expected income and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1. The assets in a situation of 'stopped development' are included under 'land</span></div><div style="padding-left:9.07pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2. Assets qualified as protected housing are taken into account. The maximum legal value of these assets is determined by the VPO module, obtained from the result of multiplying the State Basic Module (MBE) by a zone coefficient determined by each autonomous community. To carry out the valuation of a protected property, the useful surface area is used in accordance with current regulations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">For this segmentation of assets, when they are completed, the real costs are known and the actual expenses for the marketing and sale of the asset must be taken into account. Therefore, Banco Santander uses the actual costs in its calculation engine or, failing that, those estimated on the basis of its observed experience.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market Value Model according to Evolution of Market Values used to update the valuation of developments in progress. The valuation model estimates the current market value of the properties based on complete individual valuations by third parties, calculated from the values of the feasibility studies and development costs of the promotion, as well as the selling costs, distinguishing by location, size and type of property. The inputs used in the valuation model for residential assets under construction are actual revenues and costs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For this purpose, in order to calculate the investment flows, Banco Santander considers, on the basis of the feasibility studies, the expenditure required for construction, the professional fees relating to the project and to project management, the premiums for mandatory building insurance, the developer's administrative expenses, licenses, taxes on new construction and fees, and urban development charges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to the calculation of income flows, Banco Santander takes into account the square metres built, the number of homes under construction and the estimated selling price over 1.5 years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The market value will be the result of the difference between the income flows and the investment flows estimated at each moment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Land Valuation model. The methodology followed by the Group regarding land valuation consists of updating the individual reference valuation of each of the land on an annual basis, through updated valuation valuations carried out by independent professionals and following the methodology established in the Order ECO/805/2003, of 27 March, whose main verifications in the case of land valuation, regardless of the degree of urbanisation of the land, correspond to:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visual verification of the assessed property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Registry description.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Urban planning.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible easements.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Visible state of occupation, possession, use and exploitation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Protection regime.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Apparent state of preservation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Correspondence with cadastral property.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of expropriation procedure, expropriation plan or project, administrative resolution or file that may lead to expropriation.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Expiry of the urbanization or building deadlines.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Existence of a procedure for failure to comply with obligations.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Verification of surfaces.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of valuation, the land will be classified in the following levels:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level I: It will include all the lands that do not belong to level II.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Level II: It shall include land classified as undeveloped where building is not allowed for uses other than agriculture, forestry, livestock or linked to an economic exploitation permitted by the regulations in force. Also included are lands classified as developable that are not included in a development area of urban planning or that, in such an area, the conditions for its development have not been defined.</span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In those cases where the Group does not have an updated reference value through an ECO valuation for the current year, we use as a reference value the latest available ECO valuation reduced or corrected by the average annual coverage ratio of the land on which we have obtained an updated reference value, through an ECO valuation. </span></div><div style="margin-bottom:9pt;padding-left:21.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies a discount to the aforementioned reference values that takes into account both the discount on the reference value in the sales process and the estimated costs of marketing or selling the land; discount on reference value = % discount on sales + % marketing costs being:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">% discount on Sales: = 100 - (sales price / updated appraisal value).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">marketing costs: calculated on the basis of our historical experience in sales and in accordance with the marketing management fees negotiated with our suppliers of this type of service.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this way the Group obtains the corrected market value, an amount that we compare with the net cost of each piece of land to determine its correct valuation and conclude with our valuation process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in relation to the previously mentioned valuations, less costs to sell, are contrasted with the sales experience of each type of asset in order to confirm that there is no significant difference between the sale price and the valuation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Impairment losses on an asset or disposal group arising from a reduction in its carrying amount to its fair value (less costs to sell) are recognised under 'Gains or (losses) on non-current assets held for sale not classified as discontinued operations' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gains on a non-current asset held for sale resulting from subsequent increases in fair value (less costs to sell) increase its carrying amount and are recognised in the consolidated income statement up to an amount equal to the impairment losses previously recognised.</span></div></div></div> 0.15 551000000 553000000 0.76 Assets under reinsurance contracts and Liabilities under insurance contracts<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has prepared the accounting policy that establishes the criteria for recording insurance contracts, in accordance with IFRS 17. This standard defines insurance contracts as contracts under which one party accepts a significant insurance risk from another party by agreeing to compensate the policyholder if a specific uncertain future event negatively affects the policyholder. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">IFRS 17 requires a level of aggregation of contracts that the Group identifies in portfolios of contracts with similar risks and that are managed jointly. The Group then divides each portfolio into a minimum of three groups: (i) contracts that are onerous on initial recognition; (ii) contracts that, upon initial recognition, have no significant possibility of subsequently becoming onerous; and (iii) any remaining contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For contracts that are considered not to be onerous, a profit margin is recognized in the profit and loss account (referred to as 'Contractual Service Margin' or 'CSM') throughout the period in which the entity performs the service. However, if at the time of initial recognition, or during the period in which the entity performs the service, the contract is onerous, the entity recognizes the loss in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contract limits define the term up to which compliance cash flows must be considered in order to measure an insurance contract. Fulfilment cash flows comprise an unbiased, probability-weighted estimate of future cash flows, a discount adjustment to the present value to reflect the time value of money for monetary and financial risks, and a risk adjustment for non-fulfilment risks. financial. The identification of the contractual limit under IFRS 17 is essential not only for measuring the fulfilment cash flows of a group of contracts, but also for determining the applicable measurement model, in case the contractual limits are identified in a year or more.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Cash flows are within the contractual limit of an insurance contract if they arise from substantial rights and obligations that exist during the reporting period, in which the entity can obligate the insurance policyholder to pay premiums or in which the entity has a substantive obligation to provide services to the insured. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has carried out an analysis of the limits of insurance and reinsurance contracts under IFRS 17, separately, generally applying the General Model (Building Block Approach) to all contracts, except those eligible to be valued by the Simplified Model (Premium Allocation Approach), or the Variable Commission Approach ('VCA' or Variable Fee Approach). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The general model measures a group of contracts as the sum of the fulfilment cash flows and the Contractual Service Margin. The CSM represents benefits not yet recorded that the entity will recognize as providing services under the insurance contract.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Insurance contracts with direct participation apply the VCA as a modified version of the General Model. This should reduce the volatility of results due to the asymmetry between the accounting treatment of the profit and losses of the underlying items attributable to the policyholders and the accounting treatment of the liability owed to those policyholders. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Another aspect considered in measuring the present value of the future cash flows of a group of insurance contracts is the discount </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">rate applied to reflect the time value of money and the financial risks related to those cash flows. The Group has established a generally chosen methodology and guarantees that the calculation components have a homogeneous basis, previously approved by the Group, establishing the base curves provided by the Group and allowing adjustments to these curves based on the expert criteria of each local address.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, measuring compliance cash flows requires a risk adjustment for non-financial risk. Risk adjustment for non-financial risk is the compensation necessary to withstand uncertainty about the amount and timing of cash flows arising from non-financial risks. If a change in the assumptions occurs, it could affect the income statement or the Other comprehensive income, depending on its nature. The risks covered by the risk adjustment for non-financial risk are insurance risk and other non-financial risks, such as interruption risk and expense risk.</span></div> Tangible assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tangible assets includes the amount of buildings, land, furniture, vehicles, computer hardware and other fixtures owned by the consolidated entities or acquired under finance leases. Tangible assets are classified by use as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib2f05474c0d844f49d5d7c7a377f5dc0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Property, plant and equipment for own use</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Property, plant and equipment for own use – including tangible assets received by the consolidated entities in full or partial satisfaction of financial assets representing receivables from third parties which are intended to be held for continuing use and tangible assets acquired under finance leases– are presented at acquisition cost, less the related accumulated depreciation and any estimated impairment losses (carrying amount higher than recoverable amount).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Depreciation is calculated, using the straight-line method, on the basis of the acquisition cost of the assets less their residual value. The land on which the buildings and other structures stand has an indefinite life and, therefore, is not depreciated. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each reporting period, consolidated entities assess whether there is any indication that the carrying amount of an asset exceeds its recoverable amount, in which case they write down the carrying amount of the asset to its recoverable amount and adjust future depreciation charges in proportion to its adjusted carrying amount and to its new remaining useful life, if the useful life needs to be re-estimated.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Similarly, if there is an indication of a recovery in the value of a tangible asset, the consolidated entities recognise the reversal of the impairment loss recognised in prior periods and adjust the future depreciation charges accordingly. In no circumstances may the reversal of an impairment loss on an asset raise its carrying amount above that which it would have if no impairment losses had been recognised in prior years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated useful lives of the items of property, plant and equipment for own use are reviewed at least at the end of the reporting period with a view to detecting significant changes therein. If changes are detected, the useful lives of the assets are adjusted by correcting the depreciation charge to be recognised in the consolidated income statement in future years on the basis of the new useful lives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Upkeep and maintenance expenses relating to property, plant and equipment for own use are recognised as an expense in the period in which they are incurred, since they do not increase the useful lives of the assets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7a85c7851c4b4ffcb8804bcfad57748e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Investment property' reflects the net values of the land, buildings and other structures held either to earn rentals or for obtaining profits by sales due to future increase in market prices.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of investment property, to calculate its depreciation and its estimated useful life and to recognise any impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of investment properties that support obligations to pay a return directly linked to fair value, or to the returns of certain assets including the investment property itself, such properties are measured using the fair value model.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to evaluate the possible impairment Grupo Santander determines periodically the fair value of its investment property so that, at the end of the reporting period, the fair value reflects the market conditions of the investment property at that date. This fair value is determined annually, taking as benchmarks the valuations performed by independent experts. The methodology used to determine the fair value of investment property is selected based on the status of the asset in question; thus, for properties earmarked for lease, the valuations are performed using the sales comparison approach, whereas for leased properties the valuations are made primarily using the income capitalisation approach and, exceptionally, the sales comparison approach.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the sales comparison approach, the property market segment for comparable properties is analysed, inter alia, and, based on specific information on actual transactions and firm offers, current prices are obtained for cash sales of those properties. The valuations performed using this approach are considered as Level 2 valuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the income capitalisation approach, the cash flows estimated to be obtained over the useful life of the property are discounted taking into account factors that may influence the amount and actual obtainment thereof, such as: (i) the payments that are normally received on comparable properties; (ii) current and probable future occupancy; (iii) the current or foreseeable default rate on payments. The valuations performed using this approach </span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">are considered as Level 3 valuations, since significant unobservable inputs are used, such as current and probable future occupancy and/or the current or foreseeable default rate on payments.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6f8e1d7c99f048ef8f1577acde4dd1f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Assets leased out under an operating lease</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Property, plant and equipment' - Leased out under an operating lease reflects the amount of the tangible assets, other than land and buildings, leased out by the Group under an operating lease.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the acquisition cost of assets leased out under operating leases, to calculate their depreciation and their respective estimated useful lives and to recognise the impairment losses thereon are consistent with those described in relation to property, plant and equipment for own use.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual tangible asset depreciation charge is recognised in the consolidated income statement and are essentially equivalent to the following amortization percentages (determined based on the years of estimated useful life, on average, of the different elements):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average<br/>annual rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Buildings for own use</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Office and IT equipment</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease use rights</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than the lease<br/>term or the useful life<br/>of the underlying asset</span></td></tr></table></div> 0.024 0.095 0.095 0.236 Accounting for leases<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main aspects contained in the regulation (IFRS 16) adopted by the Group are included below:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the Group acts as lessee, it recognises a right-of-use asset representing its right to use the underlying leased asset with a corresponding lease liability on the date on which the leased asset is available for use by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each lease payment is allocated between liability and finance charge. The finance charge is allocated to the income statement during the term of the lease in such a way as to produce a constant periodic interest rate on the remaining balance of the liability for each year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The right-of-use asset is depreciated over the useful life of the asset or the lease term, whichever is shorter, on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is amortized over the useful life of the underlying asset. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets and liabilities arising from a lease are initially measured at present value. Lease liabilities include the net present value of the following lease payments:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Fixed payments (including inflation-linked payments), less any lease incentive receivable.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Variable lease payments that depend on an index or rate.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amounts expected to be paid by the lessee under residual value guarantees.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The exercise price of a purchase option if the lessee is reasonably certain that it will exercise that option.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Lease termination penalty payments, if the term of the lease reflects the lessee's exercise of that option.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lease payments are discounted using the interest rate implicit in the lease. When this interest rate cannot be obtained, the interest rate used in these cases, is the lessee's incremental borrowing rate at the related date. For this purpose, the entity has calculated this incremental borrowing rate taking as reference the listed debt instruments issued by the Group; in this regard, the Group has estimated different interest rate curves depending on the currency and economic environment in which the contracts are located. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In order to construct the incremental borrowing rate, a methodology has been developed at the corporate level. This </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">methodology is based on the need for each entity to consider its economic and financial situation, for which the following factors must be considered:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Economic and political situation (country risk).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Credit risk of the company.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Monetary policy.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Volume and seniority of the company’s debt instrument issues.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The incremental borrowing rate is defined as the interest rate that a lessee would have to pay for borrowing, given a similar period to the duration of the lease and with similar security, the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. The Group entities have a wide stock and variety of financing instruments issued in different currencies to that of the euro (pound, dollar, etc.) that provide sufficient information to be able to determine an 'all in rate' (reference rate plus adjustment for credit spread at different terms and in different currencies). In circumstances, where the leasing company has its own financing, this has been used as the starting point for determining the incremental borrowing rate. On the other hand, for those Grupo Santander entities that do not have their own financing, the information from the financing of the consolidated subgroup to which they belong was used as the starting point for estimating the entity's curve, analysing other factors to assess whether it is necessary to make any type of negative or positive adjustment to the initially estimated credit spread.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Right-of-use assets are valued at cost which includes the following:</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The amount of the initial measurement of the lease liability.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any lease payment made at or before the commencement date less any lease incentive received.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Any initial direct costs.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Restoration costs.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group recognises the payments associated with short-term leases and leases of low-value assets on a straight-line basis as an expense in the income statement. Short-term leases are leases with a lease term less than or equal to 12 months (a lease that contains a purchase option is not a short term lease).</span></div> Intangible assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are identifiable non-monetary assets (separable from other assets) without physical substance which arise as a result of a legal transaction or which are developed internally by the consolidated entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Only assets whose cost can be measured reliably and it is likely that the consolidated entities obtain future economic benefits are recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets are recognised initially at acquisition or production cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia2fb0f774fdb4b1eb81bb870a8df5761"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Goodwill</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any excess of the cost of the investments in the consolidated entities and entities accounted for using the equity method over the corresponding underlying carrying amounts acquired, adjusted at the date of first-time consolidation, is allocated as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">If it is attributable to specific assets and liabilities of the companies acquired, by increasing the value of the assets (or reducing the value of the liabilities) whose fair values were higher (lower) than the carrying amounts at which they had been recognised in the acquired entities’ balance sheets.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">If it is attributable to specific intangible assets, by recognising it explicitly in the consolidated balance sheet provided that the fair value of these assets within twelve months following the date of acquisition can be measured reliably.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.48pt">The remaining amount is recognised as goodwill, which is allocated to one or more cash-generating units (CGU) (a cash-generating unit is the smallest identifiable group of assets that, as a result of continuing operation, generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets). The cash-generating units represent the Group’s geographical and/or business segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Goodwill (only recognised when it has been acquired by consideration) represents, therefore, a payment made by the acquirer in anticipation of future economic benefits from assets of the acquired entity that are not capable of being individually identified and separately recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each annual reporting period or whenever there is any indication of impairment goodwill is reviewed for impairment (i.e. a reduction in its recoverable amount to below its carrying amount) and, if there is any impairment, the goodwill is written down with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">An impairment loss recognised for goodwill is not reversed in a subsequent period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the event of sale or departure of an activity that is part of a CGU, the part of the goodwill that can be assigned to said activity would be written-off, taking as a reference the relative value of the same over the total of the CGU at the time of sale or abandonment. If applicable, the distribution by currency of the remaining goodwill will be performed based on the relative values of the remaining activities.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i225868c7bd5d45569442ef24309f1781"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Other intangible assets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets includes the amount of identifiable intangible assets, such as purchased customer lists and computer software.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other intangible assets can have an indefinite useful life -when, based on an analysis of all the relevant factors, it is concluded that there is no foreseeable limit to the period over which the asset is expected to generate net cash inflows for the consolidated entities- or a finite useful life, in all other cases.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with indefinite useful lives are not amortised, but rather at the end of each reporting period or whenever there is any indication of impairment the consolidated entities review the remaining useful lives of the assets in order to determine whether they continue to be indefinite and, if this is not the case, to take the appropriate steps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Intangible assets with finite useful lives are amortised over those useful lives using methods similar to those used to depreciate tangible assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The intangible asset amortisation charge is recognised under 'Depreciation and amortisation' in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In both cases the consolidated entities recognise any impairment loss on the carrying amount of these assets with a charge to 'Impairment or reversal of impairment on non-financial assets, net - Intangible assets in the consolidated' income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The criteria used to recognise the impairment losses on these assets and, where applicable, the reversal of impairment losses recognised in prior years are similar to those used for tangible assets (see note 2.k).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i89adc46db5f0489f88538dd2538c9ec3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Internally developed computer software</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Internally developed computer software is recognised as an intangible asset if, among other requisites (basically the Group’s ability to use or sell it), it can be identified and its ability to generate future economic benefits can be demonstrated.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Expenditure on research activities is recognised as an expense in the year in which it is incurred and cannot be subsequently capitalised into the carrying amount of the intangible asset.</span></div> Other assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other assets' in the consolidated balance sheet includes the amount of assets not recorded in other items, the breakdown being as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inventories: this item includes the amount of assets, other than financial instruments, that are held for sale in the ordinary course of business, that are in the process of production, construction or development for such purpose, or that are to be consumed in the production process or in the provision of services. Inventories include land and other property held for sale in the property development business.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inventories are measured at the lower of cost and net realisable value, which is the estimated selling price of the inventories in the ordinary course of business, less the estimated costs of completion and the estimated costs required to make the sale.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any write-downs of inventories -such as those due to damage, obsolescence or reduction of selling price- to net realisable value and other impairment losses are recognised as expenses for the year in which the impairment or loss occurs. Subsequent reversals are recognised in the consolidated income statement for the year in which they occur.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The carrying amount of inventories is derecognised and recognised as an expense in the period in which the revenue from their sale is recognised.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Other: this item includes the balance of all prepayments and accrued income (excluding accrued interest, fees and commissions), the net amount of the difference between pension plan obligations and the value of the plan assets with a balance in the entity’s favour, when this net amount is to be reported in the consolidated balance sheet, and the amount of any other assets not included in other items.</span></div> Other liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Other liabilities' includes the balance of all accrued expenses and deferred income, excluding those related to interests and fees on financial instruments, as well as the amount of any other liabilities not included in other categories.</span></div> Provisions and contingent liabilities (assets)<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When preparing the financial statements of the consolidated entities, Banco Santander makes a distinction between:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions: credit balances covering present obligations at the reporting date arising from past events which could give rise to a loss for the consolidated entities, which is considered to be likely to occur and certain as to its nature but uncertain as to its amount and/or timing.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent liabilities: possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the consolidated entities. They include the present obligations of the consolidated entities when it is not probable that an outflow of resources embodying economic benefits will be required to settle them. The Group does not recognise the contingent liability. The Group will disclose a contingent liability, unless the possibility of an outflow of resources embodying economic benefits is remote. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Irrevocable contingent payments (ICPs), corresponding to payment facilities allowed under the annual contributions of certain levies, are recorded in accordance with the definitions mentioned above. In this regard, on 14 November 2025, the Group learned that the CJEU had definitively resolved the dispute concerning the CPI contributions made by a financial institution to the Single Resolution Fund, upholding the judgment of the General Court of 25 October 2023, which ruled against said financial institution regarding its request for the return of guarantees linked to irrevocable payment commitments for a Group entity whose license had been withdrawn. In light of this ruling, it was concluded that it was not necessary to modify the accounting entries that the Santander Group has made when using these facilities to make contributions corresponding to this levy or to other similar levies that also allow for such contributions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contingent assets: possible assets that arise from past events and whose existence is conditional on, and will be confirmed only by, the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group. Contingent assets are not recognised in the consolidated balance sheet or in the consolidated income statement, but rather are disclosed in the notes, provided that it is probable that these assets will give rise to an increase in resources embodying economic benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander’s consolidated financial statements include all the material provisions with respect to which it is considered that it is more likely than not the obligation will have to be settled. In accordance with accounting standards, contingent liabilities must not be recognised in the consolidated financial statements, but must rather be disclosed in the Notes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions (which are quantified on the basis of the best information available on the consequences of the event giving rise to them and are reviewed and adjusted at the end of each year) are used to cater for the specific obligations for which they were originally recognised. Provisions are fully or partially reversed when such obligations cease to exist or are reduced.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Provisions are classified according to the obligations covered as follows (see note 25):</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provision for pensions and similar obligations: includes the amount of all the provisions made to cover post-employment benefits, including obligations to pre-retirees and similar obligations.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for contingent liabilities and commitments: include the amount of the provisions made to cover contingent liabilities -defined as those transactions in which the Group guarantees the obligations of a third party, arising as a result of financial guarantees granted or contracts of another kind- and contingent commitments -defined as irrevocable commitments that may give rise to the recognition of financial assets.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Provisions for taxes and other legal contingencies and Other provisions: include the amount of the provisions recognised to cover tax and legal contingencies and litigation and the other provisions recognised by the consolidated entities. Other provisions includes, inter alia, any provisions for restructuring costs and environmental measures.</span></div> Own equity instruments<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments are those meeting both of the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments do not include any contractual obligation for the issuer (i) to deliver cash or another financial asset to a third party; or (ii) to exchange financial assets or financial liabilities with a third party under conditions that are potentially unfavourable to the issuer.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The instruments will or may be settled in the issuer’s own equity instruments and are: (i) a non-derivative that includes no contractual obligation for the issuer to deliver a variable number of its own equity instruments; or (ii) a derivative that will be settled by the issuer through the exchange of a fixed amount of cash or another financial asset for a fixed number of its own equity instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Transactions involving own equity instruments, including their issuance and cancellation, are charged directly to equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Changes in the value of instruments classified as own equity instruments are not recognised in the consolidated financial statements. Consideration received or paid in exchange for such instruments, including the coupons on preference shares contingently convertible into ordinary shares and the coupons associated with CCPP, is directly added to or deducted from equity.</span></div> Equity-instrument-based employee remuneration<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Own equity instruments delivered to employees in consideration for their services, if the instruments are delivered once the specific period of service has ended, are recognised as an expense for services (with the corresponding increase in equity) as the services are rendered by employees during the service period. At the grant date the services received (and the related increase in equity) are measured at the fair value of the equity instruments granted. If the equity instruments granted are vested immediately, Grupo Santander recognises in full, at the grant date, the expense for the services received.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the requirements stipulated in the remuneration agreement include external market conditions (such as equity instruments reaching a certain quoted price), the amount ultimately to be recognised in equity will depend on the other conditions being met by the employees (normally length of service requirements), irrespective of whether the market conditions are satisfied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If the conditions of the agreement are met but the external market conditions are not satisfied, the amounts previously recognised in equity are not reversed, even if the employees do not exercise their right to receive the equity instruments.</span></div> Recognition of income and expenses<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant criteria used by Grupo Santander to recognise its income and expenses are summarised as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibf4716bbecf44f7f8a4ff4b91fb3b4b2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Interest income, interest expenses and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest income, interest expenses and similar items are generally recognised on an accrual basis using the effective interest method. Dividends received from other companies are recognised as income when the consolidated entities’ right to receive them arises.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i97e5ba2789b24eaca2c11b4a64ef4dcd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Commissions, fees and similar items</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Fee and commission income and expenses are recognised in the consolidated income statement using criteria that vary according to their nature. The main criteria are as follows:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Fee and commission income and expenses relating to financial assets and financial liabilities measured at fair value through profit or loss are recognised when paid.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those arising from transactions or services that are performed over a period of time are recognised over the life of these transactions or services.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Those relating to services provided in a single act are recognised when the single act is carried out.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1ad1ca147be64d4daa8dcf680d939082"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Non-finance income and expenses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They are recognised for accounting purposes when the good is delivered or the non-financial service is rendered. To determine the amount and timing of recognition, a five-step model is followed: identification of the contract with the customer, identification of the separate obligations of the contract, determination of the transaction price, distribution of the transaction price among the identified obligations and finally recording of income as the obligations are satisfied.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i416e1293a8bc4a7c93665c1788d244fd"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Deferred collections and payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These are recognised for accounting purposes at the amount resulting from discounting the expected cash flows at market rates.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie57539c46d224527a8527ef6146ed7f9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Loan arrangement fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Loan arrangement fees, mainly loan origination, application and information fees, are accrued and recognised in income over the term of the loan.</span></div> Financial guarantees<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees are considered contracts that require the issuer to make specific payments to reimburse the creditor for the loss it incurs when a specific debtor defaults on its due date payment obligation in accordance with the original or modified conditions of debt instrument, regardless of its legal form, which may be, among others, a deposit, financial guarantee, insurance contract or credit derivative.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander initially recognises the financial guarantees provided on the liability side of the consolidated balance sheet at fair value, which is generally the present value of the fees, commissions and interest receivable from these contracts over the term thereof, and simultaneously the Group recognises the amount of the fees, commissions and similar interest received at the inception of the transactions and a credit on the asset side of the consolidated balance sheet for the present value of the fees, commissions and interest outstanding.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees, regardless of the guarantor, instrumentation or other circumstances, are reviewed periodically so as to determine the credit risk to which they are exposed and, if appropriate, to consider whether a provision is required. The credit risk is determined by application of criteria similar to those established for quantifying impairment losses on debt instruments carried at amortised cost (described in note 2.g above).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions made for these transactions are recognised under 'Provisions - Provisions for commitments and guarantees given in the consolidated balance sheet' (see note 25). These provisions are recognised and reversed with a charge or credit, respectively, to 'Provisions or reversal of provisions', net, in the consolidated income statement.</span></div> Assets under management and investment and pension funds managed by the Group<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Assets owned by third parties and managed by the consolidated entities are not presented on the face of the consolidated balance sheet. The investment funds and pension funds managed by the consolidated companies are also not presented in the Group's consolidated balance sheet, as they are owned by third parties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The commissions generated by these activities are included in the balance of the 'Commission income' chapter of the consolidated profit and loss account.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 2.b.iv describes the internal criteria and procedures used to determine whether control exists over the structured entities, which include, inter alia, investment funds and pension funds.</span></div> Post-employment benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under the collective agreements currently in force and other arrangements, the Spanish banks included in the Group and certain other Spanish and foreign consolidated entities have undertaken to supplement the public social security system benefits accruing to certain employees, and to their beneficiary right holders, for retirement, permanent disability or death, and the post-employment welfare benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's post-employment obligations to its employees are deemed to be defined contribution plans when the Group makes pre-determined contributions (recognised under Personnel expenses in the consolidated income statement) to a separate entity and will have no legal or effective obligation to make further contributions if the separate entity cannot pay the employee benefits relating to the service rendered in the current and prior periods. Post-employment obligations that do not meet the aforementioned conditions are classified as defined benefit plans (see note 25).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4cb3919e9038469faf53a414b73798d8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined contribution plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contributions made in this connection in each year are recognised under 'Personnel expenses' in the consolidated income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts not yet contributed at each year-end are recognised, at their present value, under 'Provisions - Provision for pensions' and similar obligations on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6e144e0ac7a348d5988dd17df2992bbb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Defined benefit plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander recognises under 'Provisions - Provision for pensions and similar obligations on the liability side of the consolidated balance sheet' (or under 'Other assets' on the asset side, as appropriate) the present value of its defined benefit post-employment obligations, net of the fair value of the plan assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Plan assets are defined as those that will be directly used to settle obligations and that meet the following conditions:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are not owned by the consolidated entities, but by a legally separate third party that is not a party related to the Group.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">They are only available to pay or fund post-employment benefits and they cannot be returned to the consolidated entities unless the assets remaining in the plan are sufficient to meet all the benefit obligations of the plan and of the entity to current and former employees, or they are returned to reimburse employee benefits already paid by Grupo Santander.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If Grupo Santander can look to an insurer to pay part or all of the expenditure required to settle a defined benefit obligation, and it is practically certain that said insurer will reimburse some or all of the expenditure required to settle that obligation, but the insurance policy does not qualify as a plan asset, the Group recognises its right to reimbursement -which, in all other respects, is treated as a plan asset- under 'Insurance contracts linked to pensions' on the asset side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander will recognise the following items in the income statement:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Current service cost, (the increase in the present value of the obligations resulting from employee service in the current period), is recognised under 'Staff costs'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The past service cost, which arises from changes to existing post-employment benefits or from the introduction of new benefits and includes the cost of reductions, is recognised under 'Provisions or reversal of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Any gain or loss arising from a liquidation of the plan is included in the 'Provisions or reversion of provisions'.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Net interest on the net defined benefit liability (asset), i.e. the change during the period in the net defined benefit liability (asset) that arises from the passage of time, is recognised under 'Interest expense' and similar charges ('Interest and similar income' if it constitutes income) in the consolidated income statement.</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remeasurement of the net defined benefit liability (asset) is recognised in 'Other comprehensive income' under Items not reclassified to profit or loss and includes:</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Actuarial gains and losses generated in the year, arising from the differences between the previous actuarial assumptions and what has actually occurred and from the effects of changes in actuarial assumptions.</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">The return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">▪</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:6.49pt">Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset).</span></div>Other long-term employee benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other long-term employee benefits, defined as obligations to pre-retirees -taken to be those who have ceased to render services at the entity but who, without being legally retired, continue to have economic rights vis-à-vis the entity until they acquire the legal status of retiree-, long-service bonuses, obligations for death of spouse or disability before retirement that depend on the employee’s length of service at the entity and other similar items, are treated for accounting purposes, where applicable, as established above for defined benefit post-employment plans, except that actuarial gains and losses are recognised under 'Provisions or reversal of provisions', net, in the consolidated income statement (see note 25).</span></div>Termination benefits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Termination benefits are recognised when there is a detailed formal plan identifying the basic changes to be made, provided that implementation of the plan has begun, its main features have been publicly announced or objective facts concerning its implementation have been disclosed.</span></div> Income tax<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expense for Spanish income tax and other similar taxes applicable to the foreign consolidated entities is recognised in the consolidated income statement, except when they arise from a transaction whose results are recognised directly in equity, in which case the related tax effect is recognised in equity.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The current income tax expense is calculated as the sum of the current tax resulting from application of the appropriate tax rate to the taxable profit for the year (net of any deductions allowable for tax purposes), and of the changes in deferred tax assets and liabilities recognised in the consolidated income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Deferred tax assets' and liabilities include temporary differences, which are identified as the amounts expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities and their related tax bases, and tax loss and tax credit carryforwards. These amounts are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability is settled.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Tax assets' include the amount of all tax assets, which are broken down into current -amounts of tax to be recovered within the next twelve months- and deferred -amounts of tax to be recovered in future years, including those arising from tax loss or tax credit carryforwards.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Tax liabilities' includes the amount of all tax liabilities (except provisions for taxes), which are broken down into current -the amount payable in respect of the income tax on the taxable profit for the year and other taxes in the next twelve months- and deferred -the amount of income tax payable in future years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax liabilities are recognised in respect of taxable temporary differences associated with investments in subsidiaries, associates or joint ventures, except when the Group is able to control the timing of the reversal of the temporary difference and, in addition, it is probable that the temporary difference will not reverse in the foreseeable future. In this regard, no deferred tax liabilities of EUR 321.9 million were recognised in relation to the taxation that would arise from the undistributed earnings of certain Group holding companies, in accordance with the legislation applicable in those jurisdictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Deferred tax assets are only recognised for temporary differences to the extent that it is considered probable that the consolidated entities will have sufficient future taxable profits against which the deferred tax assets can be utilised, and the deferred tax assets do not arise from, in its initial recognition of (i)a business combination, (ii) an operation that does not affect either the tax result or the accounting result or (iii) on the date of the transaction, does not generate deductible and taxable temporary differences for the same amount (in which case assets and deferred tax liabilities). Other deferred tax assets (tax loss and tax credit carryforwards) are only recognised if it is considered probable that the consolidated entities will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Differences generated by the different accounting and tax treatment of any of the income and expenses recorded directly in equity to be paid or recovered in the future are accounted for as temporary differences.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding taxes on profits arising from the application of tax laws for the implementation of the Pillar Two model rules, including those related to national minimum complementary taxes, the Group applies the mandatory and temporary exception to the recognition of deferred tax assets and liabilities derived from said tax laws (see note 27.f).</span></div> 321900000 Residual maturity periods<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In note 51 it is provided an analysis of the maturities of the balances of certain items in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Group has recorded as 'time liabilities' those recognised financial liabilities in which the counterparty may require payments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, when Grupo Santander has committed to having amounts available at different maturity periods, these amounts have been recorded in the first year in which they may be required.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for the financial guarantee contracts issued, the Group has recorded the maximum amount of the financial guarantee issued in the first year in which the guarantee can be executed.</span></div> Consolidated statement of recognised income and expense<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents the income and expenses generated by the Group as a result of its business activity in the year, and a distinction is made between the income and expenses recognised in the consolidated income statement for the year and the other income and expenses recognised directly in consolidated equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, this statement presents:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.    Consolidated profit for the year.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.    The net amount of the income and expenses recognised in 'Other comprehensive income' under items that will not be reclassified to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.    The net amount of the income and expenses recognised in Other comprehensive income under items that may be reclassified subsequently to profit or loss.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">d.    The income tax incurred in respect of the items indicated in b and c above, except for the valuation adjustments arising from investments in associates or joint ventures accounted for using the equity method, which are presented net.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">e.    Total consolidated recognised income and expense, calculated as the sum of a) to d) above, presenting separately the amount attributable to the parent company and the amount relating to non-controlling interests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The statement presents the items separately by nature, grouping together items that, in accordance with the applicable accounting standards, will not be reclassified subsequently to profit and loss since the requirements established by the corresponding accounting standards are met.</span></div> Statement of changes in total equity<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This statement presents all the changes in equity, including those arising from changes in accounting policies and from the correction of errors. Accordingly, this statement presents a reconciliation of the carrying amount at the beginning and end of the year of all the consolidated equity items, and the changes are grouped together on the basis of their nature into the following items:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.    Adjustments due to changes in accounting policies and to errors: include the changes in consolidated equity arising as a result of the retrospective restatement of the balances in the consolidated financial statements, distinguishing between those resulting from changes in accounting policies and those relating to the correction of errors.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.    Income and expense recognised in the year: includes, in aggregate form, the total of the aforementioned items recognised in the consolidated statement of recognised 'Income and expense'.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c.    Other changes in equity: includes the remaining items recognised in equity, including, inter alia, increases and decreases in capital, distribution of profit, transactions involving own equity instruments, equity-instrument-based payments, transfers between equity items and any other increases or decreases in consolidated equity.</span></div> Consolidated statement of cash flows<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following terms are used in the consolidated statements of cash flows with the meanings specified:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flows: inflows and outflows of cash and cash equivalents, which are short-term, highly liquid investments that are subject to an insignificant risk of changes in value, irrespective of the portfolio in which they are classified.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander classifies as cash and cash equivalents the balances recognised under 'Cash, cash balances at central banks' and 'Other deposits on demand' in the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Operating activities: the principal revenue-producing activities of credit institutions and other activities that are not investing or financing activities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Investing activities: the acquisition or disposal of long-term assets and other investments not included in cash and cash equivalents.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financing activities: activities that result in changes in the size and composition of the equity and liabilities that are not operating activities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025 Grupo Santander received interest amounting to EUR 109,840 million (EUR 117,046 and EUR 101,029 in 2024 and 2023, respectively) and paid interest amounting to EUR 57,737 million (EUR 61,091 and EUR 50,954 in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, dividends received and paid by the Group are detailed in notes 4, 28 and 40, including dividends paid to minority interests (non-controlling interests)</span></div> 109840000000 117046000000 101029000000 57737000000 61091000000 50954000000 Grupo Santander<div style="margin-bottom:6pt;margin-top:9pt"><span id="i38ea923e60524e1eaa266d9137f0dcf7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Banco Santander, S.A., and international Group structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The growth of Grupo Santander in the last decades has led Banco Santander to also act, in practice, as a holding entity of the shares of the various companies in its Group, and its results are becoming progressively less representative of the performance and earnings of the Group. Therefore, each year the bank determines the amount of the dividends to be distributed to its shareholders on the basis of the consolidated net profit, while maintaining the Group’s objectives of capitalisation and taking into account that the transactions of the Bank and of the rest of the Group are managed on a consolidated basis (notwithstanding the allocation to each company of the related net worth effect).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the international level, the various banks and other subsidiaries, joint ventures and associates of the Group are integrated in a corporate structure comprising various holding companies which are the ultimate shareholders of the banks and subsidiaries abroad.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The purpose of this structure, all of which is controlled Banco Santander, is to optimise the international organisation from the strategic, economic, financial and tax standpoints, since it makes it possible to define the most appropriate units to be entrusted with acquiring, selling or holding stakes in other international entities, the most appropriate financing method for these transactions and the most appropriate means of remitting the profits obtained by the group’s various operating units to Spain.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Appendices provide relevant data on the consolidated group companies and on the companies accounted for using the equity method.</span></div><div style="margin-bottom:6pt"><span id="i8c7262a38ba34b96b3a52ce446199e9e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Acquisitions and disposals </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a summary of the main acquisitions and disposals of ownership interests in the share capital of other entities and other significant corporate transactions performed in the last three years or pending to be completed:</span></div><div style="margin-bottom:3pt"><span id="ieb3773a868db4c56a58b4385323c6743"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">i. Agreement for the sale of 49% of Santander Bank Polska S.A. and accelerated placement of ordinary shares</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 May 2025, Banco Santander announced an agreement to sell approximately 49% of the share capital of Santander Bank Polska S.A. (Santander Polska) to Erste Group Bank AG at a price of 584 zlotys per share, as well as the 50% of Santander Towarzystwo Funduszy Inwestycyjnych S.A. (TFI, the asset management business in Poland) owned directly by Banco Santander, S.A., for a total amount of approximately EUR 7,000 million. Following the transaction and the accelerated placement of ordinary shares announced on 2 December 2025, of 3,576,626 ordinary shares of Santander Polska, representing approximately 3.5% of its share capital, for a total import of EUR 407 million, Santander will hold 9.7% of Santander Polska's share capital (58.7% as of 31 December 2025). The transaction was completed on 9 January 2026 (see Note 1.g. Introduction, basis of presentation of the consolidated annual accounts, and other information, subsequent events).</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result of the agreement, the Group has reclassified the assets of Santander Polska and TFI in the consolidated balance sheet as of 31 December 2025, to the heading 'Non-current assets held for sale', and their liabilities to the heading 'Liabilities associated with non-current assets held for sale'. Furthermore, the effect of these businesses on the profit and loss account for the 2025 financial year has been classified under the heading 'Profit/(loss) after tax from discontinued operations' (see Note 12), with the same classification being applied for comparative purposes in the profit and loss accounts for the 2024 and 2023 financial years.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As part of this transaction, on 23 December 2025, Santander Consumer, S.A. acquired 60% of Santander Consumer Bank Polska, which was owned by Santander Polska, for PLN 3,105 million (EUR 726 million). This transaction had no significant impact on the Group's consolidated financial statements.</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ieafc23cb2d254f91a65b1c76794b96c1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Agreement for the acquisition of TSB Banking Group plc</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 July 2025, Banco Santander announced an agreement with Banco de Sabadell, S.A. for the acquisition of TSB Banking Group plc for approximately GBP 2,650 million (EUR 3,100 million) plus the results generated by this business between 31 March 2025, and the closing of the transaction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The completion of the transaction is subject to the usual conditions for this type of deal, including obtaining the relevant regulatory authorizations.</span></div><div style="margin-bottom:3pt"><span id="i9cbb6ab3d492416bae1a503ad6fd67e9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">iii. Agreement for the sale of the stake in Caceis</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 December 2024, Grupo Santander signed an agreement with Crédit Agricole S.A. for the sale of its 30.5% stake in the share capital of CACEIS. As a result of the above, as of 31 December 2024, this participation was reclassified, at its carrying value, from the line item 'investments' to the line item 'Non-current assets held for sale' in the balance sheet (see Note 6). The transaction was formalized in 2025 after obtaining the relevant regulatory approvals, generating a profit before taxes of EUR 231 million registered in the line item 'Gains or losses on non-current assets held for sale not classified as discontinued operations' of the income statement. Following the completion of the planned transaction, Crédit Agricole S.A. holds the 100% of CACEIS’s share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The joint depositary, custody and related asset servicing services of Santander and CACEIS in Latin America is not included in the scope of the transaction and continues to be jointly controlled by Santander and CACEIS. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i589c4e55a96f45bb9f8588665bb9d05b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Accelerated placement of ordinary shares of Santander Bank Polska </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 10 September 2024, Banco Santander, S.A. announced an accelerated placement of 5,320,000 ordinary shares of its subsidiary Santander Bank Polska S.A., representing approximately 5.2% of its share capital, at a price of PLN 463 (EUR 108) per ordinary share. The transaction was settled on September 13, with the total transaction amounting to PLN 2,463 million (EUR 575 million). Banco Santander will continue to hold a majority stake in Santander Bank Polska S.A. of 62.2% of the share capital (prior to this transaction, the percentage of participation was 67.4%). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This sale has resulted in an increase in reserves and valuation adjustments of EUR 158 million and EUR 57 million, respectively, and an increase in minority equity of EUR 360 million.</span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i616d8e5f423f48d684c15fe95fd500b5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">v. Tender offers for shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 October 2022, Banco Santander, S.A. ('Banco Santander') announced that it intends to make concurrent cash tender offers to acquire all of the shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México ('Santander Mexico') in Mexico (Shares) and United States (American Depositary Shares ('ADSs')) which were not owned by Grupo Santander, which amount to approximately 3.76% of Santander Mexico’s share capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The offers were launched on 7 February 2023 and were originally scheduled to close on 8 March 2023. On 1 March 2023, Banco Santander announced its decision to extend the expiration date of the offers so that they could be concluded on 10 April 2023. Finally, after the offers' closing, 3.6% of the capital accepted the offer, which raised the Group's stake in Santander México from 96.2% to 99.8%.will be settled on 13 March 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Shareholders who participated in the offerings received 24.52 Mexican pesos (approximately EUR 1.20) per Share and USD 6.6876 in cash for each ADS (i.e., the equivalent in United States dollars of 122.6 Mexican pesos in cash for each ADS at the US dollar/Mexican peso exchange rate on the expiration date of 10 April 2023),which corresponded to the book value of the Santander México share according to the quarterly report of Santander México corresponding to the fourth quarter of the year 2022 in accordance with applicable legislation, with a total disbursement by Banco Santander of approximately EUR 300 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The operation led to an increase of EUR 13 million in Reserves and a decrease of EUR 313 million in minority interests. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Once the offers were concluded and settled, Banco Santander proceeded to: (i) withdraw the ADSs from the listing on the New York Stock Exchange ('NYSE') and the Shares from the registry before the Securities and Exchange Commission ('SEC') in the United States and; (ii) cancel the registration of the Shares in the National Securities Registry of the National Banking and Securities Commission ('CNBV') and withdraw the listing of the Shares in the Mexican Stock Exchange, S.A.B. de C.V. ('BMV'). Said cancellation was approved by the extraordinary general shareholders' meeting of Santander México held on 30 November 2022, with the favourable vote of the holders of the shares that represent more than 95% of the shares of Santander Mexico, as required by the Mexican Securities Market Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Pursuant to Mexican law, on 12 May 2023, Banco Santander and Santander México established a trust (the 'Repurchase Trust'), to which the holders of the Shares that remain outstanding after the conclusion of the offers, to sell said Shares to the repurchase trust, at the same cash price that would have been paid to them in the Mexican offer with respect to the same. At the end of the year, said trust was liquidated and the Group's effective participation amounts to 99.98%.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_895"></div><div style="margin-bottom:3pt"><span id="id3a94e59833e419bb8756d9e4d83a296"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">c) Offshore entities </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ifff3a22a8b4f41b28d06e0d5da6a0923"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Spanish regulation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to current Spanish regulation (Law 11/2021, of 9 July; Royal Decree 1080/1991, of 5 July; and Order HFP/115/2023, of 9 February), at year-end 2025 Grupo Santander has three branches in the non-cooperative jurisdictions of Jersey, the Isle of Man and the Cayman Islands (offshore entities). The Group also has a subsidiary in Guernsey, which is in the process of being wound up and is tax resident in the United Kingdom, and is therefore subject to its tax regime. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i130b2c91a0e944a086a0abfbf540ed69"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Offshore branches</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As previously mentioned, Grupo Santander has three offshore branches in the non-cooperative jurisdictions of the Cayman Islands, the Isle of Man and Jersey. They report to, and consolidate balance sheets and income statements with, their respective foreign headquarters. They are taxed either with their headquarters (the Cayman Islands branch in Brazil) or in the territories they are located (Jersey and the Isle of Man, pertain to the UK).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These three offshore branches have a total of 147 employees as of December 2025.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="idc786effcee648ca9650abbf19c68516"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Subsidiaries in non-cooperative jurisdictions that are tax resident in the United Kingdom (UK)</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander also has a subsidiary incorporated in the non-cooperative jurisdiction of Guernsey, which is not deemed an offshore entity because it operated exclusively from the UK and is tax resident there, and is therefore subject to UK tax law. This subsidiary is in the process of being liquidated as of December 31, 2025.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, during 2025 a subsidiary incorporated in Bermuda and tax resident in the United Kingdom, was liquidated.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i92c59024d89242759490d88da0a23095"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Other offshore holdings</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">From Brazil, Grupo Santander manages Santander Brazil Global Investment Fund SPC, a segregated portfolio company located in the Cayman Islands. The Group also holds minority, non-controlling financial interests in entities located in non-cooperative jurisdictions, including, among others, Klar Holdings Limited in the Cayman Islands.<span id="i47cdd7cd05694b6ab5223c104620441d"></span></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:120%"> </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i58f5c844de0e4cb59164f3478e27d8f4"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">The European Union (EU)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander has no presence in any of the 11 jurisdictions included on the EU Council’s blacklist of non-cooperative jurisdictions for tax purposes as of 31 December 2025. Additionally, the EU grey list comprises another 11 jurisdictions which have sufficiently committed to fully adapting their legislation to international tax standards, subject to monitoring by the EU. Within these grey-list jurisdictions, Santander operates only in Morocco through one subsidiary and holds a minority interest in a financial institution tax resident in that jurisdiction.</span></div></div><div style="margin-bottom:3pt"><span id="i874031b2f66645ab8c8ef47cd7035f7b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:115%">Organization for Economic Cooperation and Development (OECD)</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">Grupo Santander has no presence in any jurisdictions non-compliant with both OECD standards on transparency and exchange of information for tax purposes (the automatic exchange of information AEOI standard and the exchange of information on request EOIR standard), according to the last annual reports of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, released on 2 December 2025. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">However, Vietnam —a jurisdiction where Santander has a subsidiary— does not comply with the EOIR standard. Meanwhile, The Bahamas and Chile —jurisdictions where Santander is also present—, although they have complete legal and regulatory frameworks in place for the implementation of the AEOI standard, they still need to improve the effectiveness of this standard.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander presence in offshore territories at the end of 2025 is as follows:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Group presence in non-cooperative jurisdictions</span></div><div><span><br/></span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"></td><td style="width:49.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.823%"></td><td style="width:0.1%"></td></tr><tr style="height:30pt"><td colspan="3" rowspan="2" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Regulatory framework</span></div></td><td colspan="6" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group presence in non-cooperative jurisdictions</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Subsidiaries</span></div></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branches</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish legislation</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">a</span></div></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">b</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Council of the EU blacklist</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">OECD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">c</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.84pt">Additionally, there is one subsidiary constituted in Guernsey (in the process of winding up), but resident for tax purposes in the UK.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">b</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.59pt">The Group has three branches in Jersey, the Isle of Man and the Cayman Islands. These jurisdictions are not included in the European Union’s October 2025 blacklist and fully comply with both OECD international standards on transparency and exchange of information for tax purposes (AEOI and EOIR). </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">c</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:8.33pt">Jurisdictions non-compliant with both OECD standards (AEOI and EOIR). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has the right mechanisms (risk management, supervision, verification and review plans, and regular reporting) to prevent reputational, tax and legal risks in entities resident in non-cooperative jurisdictions. Grupo Santander also maintains its policy of limiting and reducing its presence in non-cooperative jurisdictions when possible.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">PwC member firms audited the financial statements of Grupo Santander’s offshore entities in 2025, 2024 and 2023.</span></div> 0.49 0.49 584 0.50 -7000000000 3576626 0.035 -407000000 0.097 0.587 0.60 3105000000 726000000 2650000000 3100000000 0.305 231000000 1 5320000 0.052 463 108 2463000000 575000000 0.622 0.674 158000000 57000000 360000000 0.0376 0.036 0.962 0.998 24.52 1.20 6.6876 122.6 300000000 13000000 -313000000 0.95 0.9998 3 3 3 147 11 11 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander presence in offshore territories at the end of 2025 is as follows:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Group presence in non-cooperative jurisdictions</span></div><div><span><br/></span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.858%"><tr><td style="width:1.0%"></td><td style="width:49.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.823%"></td><td style="width:0.1%"></td></tr><tr style="height:30pt"><td colspan="3" rowspan="2" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Regulatory framework</span></div></td><td colspan="6" style="background-color:#ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group presence in non-cooperative jurisdictions</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Subsidiaries</span></div></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Branches</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish legislation</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">a</span></div></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">b</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Council of the EU blacklist</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">OECD</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">c</span></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">a</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.84pt">Additionally, there is one subsidiary constituted in Guernsey (in the process of winding up), but resident for tax purposes in the UK.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">b</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:7.59pt">The Group has three branches in Jersey, the Isle of Man and the Cayman Islands. These jurisdictions are not included in the European Union’s October 2025 blacklist and fully comply with both OECD international standards on transparency and exchange of information for tax purposes (AEOI and EOIR). </span></div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">c</span>Jurisdictions non-compliant with both OECD standards (AEOI and EOIR). 0 3 0 0 0 0 0 3 0 3 1 3 Distribution of Banco Santander's profit, shareholder remuneration scheme and earnings per share<div style="margin-bottom:6pt;margin-top:9pt"><span id="i9159fb1bfe824a72bb5c7238cbedc943_2540"></span><span id="i412689de8bcc4ea88b7189b00fbcd04c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Distribution of Banco Santander's profit and shareholder remuneration scheme</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of the Bank's current annual results that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:203.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:35.50pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To dividends</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,520 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividend paid at 31 December</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,699 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Complementary dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,593 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net profit for the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Total amount paid as interim dividend, at the rate of EUR 11.5 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends').</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Fixed complementary dividend of EUR 12.5 gross cents per eligible share, payable in cash as from 5 May 2026. The total amount has been estimated on the assumption that, as a result of the partial implementation of the buyback program announced on February 3, 2026, the number of the Bank's outstanding shares eligible for the dividend will be 14,568,470,446 and that, as envisaged, the capital increase submitted to the 2026 general meeting under item 6.C of the agenda will not be executed before 5 May 2026. Therefore, the total amount of the complementary dividend may be lower if more shares than initially envisaged are acquired under the buy-back programme, or higher if fewer shares are acquired under the buy-back programme or if the capital increase submitted to this general meeting under item 6.C of the agenda is executed before 5 May 2026.</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Estimated amount corresponding to a complementary dividend of EUR 1,821,058,805.75. To be increased or reduced by the same amount by which the total amount of the final dividend is lower or higher, respectively, than its estimated amount.</span></div><div style="text-indent:9.21pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transcribed proposal comprises the part of the 2025 shareholder remuneration policy that is implemented through cash dividends (the interim dividend paid in November 2025 of EUR 11.5 cents per share with dividend entitlement, approved by the board of directors on September 30, 2025, and the complementary dividend expected to be paid as of 5 May 2026, of EUR 12.5 cents per share with the dividend entitlement, proposed by the board of directors on 24 February 2026, and therefore subject to approval by the general meeting).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remuneration policy also provides for shareholder remuneration through the implementation of share buyback programmes, to which an amount equivalent to 25% of the Group’s underlying profit will be allocated. The first programme charged to 2025 results, amounting to approximately amount of EUR 1,700 million, was completed between August 2025 and December 2025. In addition, in 2025 Banco Santander announced its objective of allocating at least EUR 10,000 million to share buybacks in respect of 2025 and 2026 results and expected excess capital. As part of this objective, on 4 February 2026 a second buyback programme was launched for a maximum total amount of EUR 5,030 million, of which EUR 1,830 million corresponds to an amount equivalent to c.25% of the Group’s underlying profit in the second half of 2025, and the remaining EUR 3,200 million corresponds to c.50% of the capital released following completion of the sale of the 49% stake in Santander Bank Polska. A capital reduction resolution is also being submitted to the general meeting to enable the cancellation of the treasury shares acquired under this second buyback programme.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accounting statement, prepared by the Bank pursuant to legal requirements, evidencing the existence of sufficient liquidity for the payment of the interim dividend on the date and for the amount mentioned above, was as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:72.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.135%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 August 2025</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit before taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,193 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">635 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid in cash</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Distributable maximum amount</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,558</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Available liquidity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,923 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, and although it does not form part of the remuneration charged to the 2025 financial year, it is hereby stated that, in execution of the resolution of the general meeting held on 4 April 2025, on 2 May 2025 the Bank paid a final cash dividend of EUR 11 cents per share charged to the results of the 2024 financial year. Finally, also charged to the results of 2024, the Bank implemented two repurchase programs. The first of them for a maximum amount of EUR 1,525 million, was completed in December 2024, and the second, for a maximum amount of EUR 1,587 million, was completed in June 2025.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ica8bd92432c445b9abd53378bdd1f356"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Earnings/loss per share from continuing and discontinued operations</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i57432fb88e6042a28c2214bb6b8e89a6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Basic earnings / loss per share</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Basic earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note 23), if applicable, by the weighted average number of ordinary shares outstanding during that period, excluding the average number of own shares held through that period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(622)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(620)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,479</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">11,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">10,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (non controlling interest net) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">962 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) <br/>(EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">12,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,890,304,840 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,497,607,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.905</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.771</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.065</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.044</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.840</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.610</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i798140aa57f743b6a55695352273d191"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Diluted earnings / loss per share</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Diluted earnings/loss per share are calculated by dividing the net profit attributable to the Group, adjusted by the after-tax amount of the remuneration of contingently convertible preference shares recognised in equity (PPCC) recognised in equity and the capital perpetual preference shares (PPCA) (see note 23), by the weighted average number of ordinary shares outstanding during the year, excluding the average number of treasury shares and adjusted for all the dilutive effects inherent to potential ordinary shares (share options, and convertible debt securities).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, diluted earnings/loss per share were determined as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,574 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (Note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(622)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(620)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,479</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">11,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">10,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:48pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">962 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">12,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,890,304,840 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,497,607,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of options/rights on shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">85,269,647 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,110,570 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75,180,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Adjusted number of shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,975,574,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,567,717,839 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,247,265,121 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.900</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.768</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.064</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.044</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.836</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.715</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of the Bank's current annual results that the board of directors will propose for approval by the shareholders at the annual general meeting is as follows: </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:203.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:35.50pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To dividends</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,520 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividend paid at 31 December</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,699 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Complementary dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,593 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net profit for the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Total amount paid as interim dividend, at the rate of EUR 11.5 fixed cents per eligible share (recorded in 'Shareholders' equity - Interim dividends').</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Fixed complementary dividend of EUR 12.5 gross cents per eligible share, payable in cash as from 5 May 2026. The total amount has been estimated on the assumption that, as a result of the partial implementation of the buyback program announced on February 3, 2026, the number of the Bank's outstanding shares eligible for the dividend will be 14,568,470,446 and that, as envisaged, the capital increase submitted to the 2026 general meeting under item 6.C of the agenda will not be executed before 5 May 2026. Therefore, the total amount of the complementary dividend may be lower if more shares than initially envisaged are acquired under the buy-back programme, or higher if fewer shares are acquired under the buy-back programme or if the capital increase submitted to this general meeting under item 6.C of the agenda is executed before 5 May 2026.</span></div><div style="padding-left:7.09pt;text-align:justify;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Estimated amount corresponding to a complementary dividend of EUR 1,821,058,805.75. To be increased or reduced by the same amount by which the total amount of the final dividend is lower or higher, respectively, than its estimated amount.</span></div> 3520000000 1699000000 1821000000 7593000000 11113000000 0.115 0.125 14568470446 1821058805.75 0.115 0.125 0.25 1700000000 10000000000 5030000000 1830000000 0.25 3200000000 0.50 0.49 <div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:72.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.135%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 August 2025</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit before taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,193 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">635 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid in cash</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Distributable maximum amount</span></td><td colspan="2" style="background-color:#f6f6f6;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,558</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Available liquidity</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,923 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 6193000000 635000000 0 5558000000 96923000000 0.11 2 1525000000 1587000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt 0 8.09pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,574</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(622)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(620)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,479</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">11,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">10,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (non controlling interest net) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">962 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (non-controlling interest and PPCC and PPCA net) <br/>(EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">12,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,890,304,840 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,497,607,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.905</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.771</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.065</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.044</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Basic earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.840</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.610</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, diluted earnings/loss per share were determined as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:243.00pt"><tr><td style="width:1.0pt"></td><td style="width:76.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:52.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (Loss) attributable to the Parent (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,574 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Remuneration of PPCC and PPCA (EUR million) (Note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(622)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(620)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(492)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:41pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of changes in profit for the period arising from potential conversion of ordinary shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,479</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">11,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">10,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:48pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from discontinued operations (net of non-controlling interests) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">962 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:56pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Profit (Loss) from continuing operations (net of non-controlling interests and PPCC and PPCA) (EUR million)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">12,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">11,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Weighted average number of shares outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,890,304,840 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,497,607,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,172,084,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Dilutive effect of options/rights on shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">85,269,647 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,110,570 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75,180,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Adjusted number of shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,975,574,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,567,717,839 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,247,265,121 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.900</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.768</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:26pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, from discounted operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.064</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.044</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:33pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Diluted earnings (Loss) per share from continuing operations (euros)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.836</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.715</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">0.607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 14101000000 12574000000 11076000000 -622000000 -620000000 -492000000 13479000000 11954000000 10584000000 962000000 822000000 717000000 12517000000 11132000000 9867000000 14890304840 15497607269 16172084714 0.905 0.771 0.654 0.065 0.053 0.044 0.840 0.718 0.610 14101000000 12574000000 11076000000 -622000000 -620000000 -492000000 0 0 0 13479000000 11954000000 10584000000 962000000 822000000 717000000 12517000000 11132000000 9867000000 14890304840 15497607269 16172084714 85269647 70110570 75180407 14975574487 15567717839 16247265121 0.900 0.768 0.651 0.064 0.053 0.044 0.836 0.715 0.607 Remuneration and other benefits paid to the Bank’s directors and senior managersThe following section contains qualitative and quantitative disclosures on the remuneration paid to the members of the board of directors —both executive and non-executive directors— and senior managers for 2025 and 2024<div style="margin-bottom:3pt;margin-top:9pt"><span id="ib8d1bfde2c6e40399de7afe37ab2a4da"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Remuneration of Directors</span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="i3b56fe5d95444c75bf7c7760b9144913"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Bylaw-stipulated emoluments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The annual general meeting held on 22 March 2013 approved an amendment to the Bylaws, whereby the remuneration of directors in their capacity as board members became an annual fixed amount determined by the annual general meeting. This amount shall remain in effect unless the shareholders resolve to change it at a general meeting. However, the board of directors may elect to reduce the amount in any years in which it deems such action justified.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum remuneration established by the annual general meeting was EUR 6 million in 2025 (EUR 6 million in 2024), with two components: (a) an annual emolument and (b) attendance fees.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The specific amount payable for the above-mentioned items to each of the directors is determined by the board of directors. For such purpose, it takes into consideration the positions held by each director on the board, their membership of the board and the board committees and their attendance to the meetings thereof, and any other objective circumstances considered by the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total Bylaw-stipulated emoluments earned by the directors in 2025 amounted to EUR 5.3 million (EUR 5.4 million in 2024).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id100392053194ae8bf491a587919ba48"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Annual allotment</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For 2025, the board of directors, upon recommendation of the remuneration committee, approved a 3% increase in the annual</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">allotments payable to the chair and members of the board and its committees (including the executive committee), as well as to the lead independent director and the non-executive Vice Chair . Accordingly, each director received, in respect of 2024 and 2025, the amounts corresponding to their service on the board and its committees, with such amounts determined by the specific position held, as detailed in the table below.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:62.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.493%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Amount per director in euros</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100,940 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">98,000 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the executive committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">175,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">170,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44,290</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44,290</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the responsible banking, sustainability and culture committee </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the responsible banking, sustainability and culture committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Lead independent director</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:105%;position:relative;top:-2.44pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">113,300</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110,000</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-executive Vice Chair</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,900</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,000</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Glenn Hutchins has been allocated EUR 700,000 (including annual allowances and attendance fees) in minimum total annual pay set for the required time and dedication to perform his roles.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i05e713c2bd1f46848162ab7ff10dc41a"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Attendance fees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The directors receive fees for attending board and committee meetings, excluding executive committee meetings, where no attendance fees are received.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In line with the adjustment to the annual allotments, the board of directors approved a 3% increase for 2025 in attendance fees compared with 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Accordingly, attendance fees for meetings of the board and its committees (with the exception of the Executive Committee, for which no attendance fees are payable) amounted, for the last two years, to the totals set out in the table below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.437%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.543%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attendance fees per director per meeting in euros </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,785 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,704 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit committee and risk supervision, regulation and compliance committee</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,768 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other committees (excluding executive committee) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,606 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,560 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iba037c01194d4f85b6d84e4807b6af76"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Salaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive directors receive salaries. In accordance with the policy approved by the annual general meeting, salaries are composed of a fixed annual remuneration and a variable one, which consists in a unique incentive, which is a deferred variable remuneration plan linked to multi-year objectives, which establishes the following payment scheme:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">40% of the variable remuneration amount, determined at year-end on the basis of the achievement of the established objectives, is paid immediately. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The remaining 60% is deferred over five years, provided that the conditions of permanence in the Group and non-concurrence of the malus clauses are met, and subject to long term metrics, taking into account the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The accrual of the first and second portion (20% of total variable compensation, paid in 2027 and 2028) will be conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">The accrual of the third, fourth and fifth portion (40% of total variable compensation and paid in 2029, 2030 and 2031), is linked to objectives related to the period 2025—2027 and the metrics and scales associated with these objectives. The fulfilment of the objectives determines the percentage to be paid of the deferred amount in these three annuities, and these targets can reduce these amounts and the number of deferred instruments, or increase them up to a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with current remuneration policies, the amounts already paid will be subject to a possible recovery (clawback) by the Bank during the period set out in the policy in force at each moment. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Payment of the approved incentive is paid 40% in cash and the remaining 60% in instruments, consisting of Banco Santander shares and restricted stock units (RSUs) of PagoNxt, split as:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">◦ the amount of PagoNxt RSUs set for each year; and</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">◦ the rest, all in shares of Banco Santander. </span></div><div style="margin-bottom:3pt"><span id="i9989b831538a42b496e083843d206d84"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Comparative of executive remuneration (Chair and CEO) </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The target bonus of the Executive Chair and the CEO for 2025 remains unchanged compared to 2024.<br/><br/>Variable contributions to pensions were not modified in 2025, so the amounts are the 22% of the 30% of the last three assigned bonus' average.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In assessing individual performance, the Board considered the Grupo Santander’s strong results for 2025, reflecting continued delivery of our strategic plan. Attributable profit reached EUR 14,101 million in 2025, up 12% year-on-year (or +16% in constant euros), with a TSR during the year of 132% (+60% in relative terms vs. our peer group).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Board also evaluated the leadership of the Executive Chair and the Chief Executive Officer in delivering these results and advancing the Group’s strategic priorities. Taking these factors into account, it determined that both executives achieved an 'Exceptional' level of performance and approved the corresponding variable remuneration.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Moreover, the ratio of executive directors’ total remuneration to underlying attributable profit fell to 0.17% from 0.18% in 2024.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b16e4c8e855424c9b0bba8062f205a8"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Detail by director</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2025 and 2024 is provided below:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Bylaw-stipulated emoluments</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Annual emolument</span></td></tr><tr style="height:15pt"><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Board</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">F</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Executive committee</span></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Audit committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Nomination committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Remuneration committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Risk supervision, regulation and compliance oversight committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">2</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Responsible banking, sustainability and culture committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Innovation and technology committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Attendance fees and commissions</span></td></tr><tr style="height:15pt"><td colspan="30" style="display:none"></td></tr><tr style="height:30pt"><td colspan="30" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Carlos Barrabés</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2024</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. All amounts received were reimbursed to Fundación Botín.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Director and member of the nomination committee, responsible banking, sustainability and culture committee and innovation and technology committee since 27 June 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Director since 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Stepped down as director on 22 March 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Stepped down as director on 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Also includes emoluments for other roles in the board.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Changes in the chairship or membership of the committees:</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Antonio Weiss was appointed member of the remuneration committee on 1 January 2025.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">José Antonio Álvarez was appointed member of the risk supervision, regulation and compliance oversight committee on 1 January 2025.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Other remuneration includes EUR 1,000 thousand for the role as non-executive Chair of the Santander España business unit and for attending its board and committee meetings for Luis Isasi. For José Antonio Álvarez, this amount includes remuneration as strategic advisor of Grupo Santander, life and health insurance contributions (EUR 678 thousand) and part of the former supplement for having waived the death and disability policy (EUR 12 thousand).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.276%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:4pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="18" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Short-term and deferred (not subject to long-term goals) salaries of executive directors</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Variable - immediate payment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Deferred variable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Pension contribution</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Other remuneration</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,435 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,003 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,003 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,444 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,341 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">11,977 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">12,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">7,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">718 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,489 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,887 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">700 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">284 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">314 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">222 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,423 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">581 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">383 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">344 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Carlos Barrabés</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">259 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">180 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">6,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,693</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,694</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">16,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">29,462</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2024</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">6,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">16,601</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,815</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">30,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Footnotes in previous table.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail by executive director of the salaries linked to multi-year objectives at their fair Value, which will only be received if the conditions of permanence in the Group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 46.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:30.247%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.383%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable subject to long-term<br/>objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In shares</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">701 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,804 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">484 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,938 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,611 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,185</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,170</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,742</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,943</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2029, 2030 and 2031, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. The face value of the three aforementioned deferred amounts is EUR 6,774 thousand for 2025 (EUR 4,006 thousand for Ana Botín and EUR 2,768 thousand for Héctor Grisi).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value has been determined at the grant date based on the valuation report of an independent expert, Willis Towers Watson. Based on the design of the plan for 2025 and the levels of achievement of similar plans in comparable entities, the fair value considered is 70% of the variable remuneration subject to long-term objectives. (see note 46). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 5.e below includes disclosures on the shares delivered from the deferred remuneration schemes in place in previous years and for which delivery conditions were met, as well as on the maximum number of shares that may be received in future years in connection with the aforementioned 2025 and 2024 variable remuneration plans.<br/></span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id609e2b9c7e4407db685bce90ee5dbb9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Remuneration of the board members as representatives of the Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By resolution of the executive committee, all the remuneration received by the Bank’s directors who represent the Bank on the boards of directors of listed companies in which the Bank has a stake, paid by those companies and relating to appointments made on or after 18 March 2002, accrues to the Group. In 2025 the Bank’s directors did not receive any remuneration in respect of these representative duties. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, in their personal capacity, in 2025 Homaira Akbari was paid USD 100 thousand (EUR 85 thousand) as member of the board of Santander Consumer USA Holdings, Inc. and EUR 200 thousand as member of the board of PagoNxt S.L., and José Antonio Álvarez and Henrique de Castro were each paid the same EUR 200 thousand as members of the board of PagoNxt S.L. (Henrique de Castro also received EUR 15 thousand as member of the nomination committee of PagoNxt, S.L.). Likewise, Pamela Walkden was paid GBP 100 thousand (EUR 115 thousand) as member of Santander UK plc and Santander UK Group Holdings; and Belén Romana EUR 157 thousand as member of the Board of Santander Insurance, S.L. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, Luis Isasi was paid EUR 1,000 thousand as non-executive Chair of the Santander España business unit and for attending its board and committee meetings (amounts paid by Banco Santander, S.A.).<br/><br/>And finally, José Antonio Álvarez, as strategic adviser of Grupo Santander, received fixed remuneration of EUR 1,750 thousand. In addition, he received the life and health insurance contributions, and the part of the former supplement for having waived the death and disability policy.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i2744889d3e284a1281329f3de4eb49d9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Post-employment and other long-term benefits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2012, the contracts of Ana Botín and other members of the Bank's senior management with defined benefit pension commitments were modified to transform these commitments into a defined contribution system, which covers the contingencies of retirement, disability and death. From that moment on, the Bank makes annual contributions to their pension system for their benefit. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This system gives them the right to receive benefits upon retirement, regardless of whether or not they are active at the Bank at such time, based on contributions to the system, and replaced their previous right to receive a pension supplement in the event of retirement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The initial balance for Ana Botín in the new defined benefits system corresponded to the market value of the assets from which the provisions corresponding to the respective accrued obligations had materialised on the date on which the old pension commitments were transferred into the new benefits system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2013, the Bank has made annual contributions to the benefits system for executive directors and other members of executive team, in proportion to their respective pensionable bases, until they leave Grupo Santander or until their retirement within the Group, death, or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The benefit plan system is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., and the economic rights of the foregoing directors under this plan belong to them regardless of whether or not they are active at the Bank at the time of their retirement, death or disability. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with the provisions of the remuneration regulations, contributions made calculated on variable remuneration are subject to the discretionary pension benefits regime. Under this regime, contributions are subject to malus clauses and clawback according to the policy in force at any given time and during the same period in which the variable remuneration is deferred. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, they must be invested in bank shares for a period of five years from the date when the executive director leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the executive director, or it will be paid to the executive director or to their beneficiaries in the event of a contingency covered by the benefits system. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As per the director´s remuneration policy approved at the 23 March 2018 general shareholder´s meeting, the system was changed with a focus on: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Aligning the annual contributions with practices of comparable institutions. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reducing future liabilities by eliminating the supplementary benefits scheme in the event of death (death of spouse or parent) and permanent disability of serving directors. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Not increasing total costs for the Bank. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes to the system were the following: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fixed and variable pension contributions were reduced to 22% of the respective pensionable bases. The gross annual salaries and the benchmark variable remuneration were increased in the corresponding amount with no increase in total costs for the Bank. The pensionable base for the purposes of the annual contributions for the executive directors is the sum of fixed remuneration plus 30% of the average of their last three variable remuneration amounts. This means complying with Circular 2/2016 of the Bank of Spain, standard 41, on pension benefits, by which a part of not less than 15% of the total contribution must be based on variable components.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The death and disability supplementary benefits were eliminated since 1 April 2018. A fixed remuneration supplement (included in other remuneration in section a.iii in this note) was implemented the same date. During 2025, this fixed remuneration supplement has expired both for Ana Botín and José Antonio Álvarez, in line with the age of 65 initially set at the time this remuneration component was approved.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The total amount insured for life and accident insurance was increased. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions recognised in 2025 and 2024 for retirement pensions were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,341 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,339 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,120 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,461</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the balances relating to each of the directors under the welfare system as of 31 December 2025 and 2024:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.778%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,027 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,033 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,178 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,238</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,356</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ied3b22854dd34a24b156490d1ec62dd1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Insurance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group pays for life insurance policies for the Bank’s directors, who will be entitled to receive benefits if they are declared disabled. In the event of death, the benefits will be payable to their heirs. The premiums paid by the Group are included in the 'Other remuneration' column of the table shown in Note 5.a.iii above. Also, the following table provides information on the sums insured for the Bank’s directors:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insured capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,659 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,525 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,600 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,600 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,500 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,759</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The insured capital has been modified in 2018 for Ana Botín as part of the pension systems transformation set out in note 5.c) above, which has encompassed the elimination of the supplementary benefits systems (death of spouse and death of parent) and the increase of the life and accident insurance annuities. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025 and 2024, the Group has disbursed a total amount of EUR 8.3 million and EUR 13.5 million, respectively, for the payment of civil-liability insurance premiums. These premiums correspond to several civil-liability insurance policies that hedge, among others, directors, senior management and other managers and employees of the Group and the Bank itself, as well as its subsidiaries, in light of certain types of potential claims of third parties. For this reason, it is not possible to disaggregate or individualize the amount that correspond to the directors and executives.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025 and 2024, no life insurance commitments exist for the Group in respect of any other directors.</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:9pt;text-indent:-9pt"><span id="i9735f317b5424df3847f23d2d1e497cf"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Deferred variable remuneration systems</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following information relates to the maximum number of shares to which the executive directors are entitled at the beginning and end of 2025 and 2024 due to their participation in the deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to 2025 and prior years, as well as on the deliveries, in shares or in cash, made to them in 2025 and 2024 once the conditions for the receipt thereof had been met (see Note 46):<span id="ibacf1305fb5f412cbeac940f7d457216"></span></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ieaf1a203b525412f9e5da92b4bcd066b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i) Deferred variable compensation plan linked to multiannual objectives</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the annual shareholders meeting of 18 March 2016, with the aim of simplifying the remuneration structure, improving the ex-ante risk adjustment and increasing the incidence of long-term objectives, the bonus plan (deferred and conditioned variable compensation plan) and ILP were replaced by one single plan. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variable remuneration of executive directors and certain executives (including senior management) corresponding to 2025 has been approved by the board of directors and implemented through the tenth cycle of the deferred variable remuneration plan linked to multi-year objectives. The application of the plan was authorised by the annual general meeting of shareholders, as it entails the delivery of shares to the beneficiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As indicated in section a.ii of this note, 60% of the variable remuneration amount is deferred over five years for executive directors, to be paid, where appropriate, provided that the conditions of permanence in the Group, according to the following accrual scheme: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The accrual of the first and second parts (instalments in 2027 and 2028) is conditional on none of the malus clauses being triggered.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The accrual of the third, fourth and fifth parts (instalments in 2029, 2030 and 2031) is linked to non-concurrence of malus clauses and the fulfilment of certain objectives related to the 2025‑ 2027 period. These objectives and their respective weights are: </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Banco Santander’s consolidated Return on tangible equity (RoTE) target in </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">2027</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (weight of 30%).</span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Relative performance of Banco Santander's total shareholder return (TSR) in 2025-2027 in respect of the weighted TSR of a peer group comprising 9 credit institutions, with the appropriate TSR ratio based on the group’s TSR among its peers (weight of 50%). </span></div><div style="margin-bottom:9pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">–</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.33pt">Four sustainability metrics, which have different weighting (with a total weight of 20%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The degree of compliance with the above objectives determines the percentage to be applied to the deferred amount in these three annuities, with a maximum achievement ratio of 125%, so executives have the incentive to exceed their targets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both the immediate payment and the two first deferrals (short-term part) are paid 50% in cash and the remaining 50% in instruments. The last three deferrals (conditioned to long-term metrics) are paid 25% in cash and 75% in instruments.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accrual of deferred amounts (whether or not subject to performance measures) is conditioned, in addition to the permanence of the beneficiary in the Group, to non-occurrence, during the period prior to each of the deliveries, of any the circumstances giving rise to the application of malus as set out in the Group’s remuneration policy in its chapter related to malus and clawback. Likewise, the amounts already paid of the incentive will be subject to clawback by the Bank in the cases and during the term foreseen in said policy, and in accordance with the terms and conditions foreseen in it.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Malus and clawback clauses are triggered by poor financial performance of Banco Santander, a division or area, or exposures from staff as a result of an executive(s)’s management of, at least, one of these factors:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">Significant failures in risk management committed by the entity, or by a business unit or risk control.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">The increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt">Regulatory sanctions or judicial sentences from events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.94pt">Irregular conduct, whether individual or collective. In this regard, the negative effects derived from the marketing of inappropriate products and the responsibilities of the people or bodies that made those decisions will be specially considered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the existing policy on malus and clawback clauses of our remuneration policy, the addendum to our remuneration policy entitled 'Financial Statement Restatement Compensation' regulates the recoupment of compensation received by the executive directors of Banco Santander, S.A., and senior management, in the event of a financial restatement (according to the regulation) resulting from material noncompliance with financial reporting requirements under US federal securities laws.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum amount of shares to be delivered under the plan is within the maximum amount of the award to be delivered in shares (EUR 11.5 million) approved at the 2025 AGM for executive directors. At its meeting on 25 November 2025 and pursuant to the powers granted by shareholders at the 2025 AGM, the board agreed to amend the calculation period used to determine the number of shares to be delivered from 50 to 30 trading sessions (under no circumstances may the number of shares exceed the maximum approved at the AGM), as the board considered that this better reflects market practice and enables us to offset share price volatility. Thus, the number of shares to be delivered under the 2025 policy has been calculated with the weighted average daily volume of weighted average listing prices of Banco Santander shares in the 30 trading sessions prior to the Friday (not inclusive) before 4 February 2025 (the date on which the board approved the 2025 bonus for executive directors), which was EUR 10.261 per share. According to an independent experts' valuation, the price per PagoNxt, S.L. RSU equals EUR 61.07. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ibbe32d149d7a41f48c7daa6bff5dfed9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii) Shares assigned by deferred variable remuneration plans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the number of Santander shares assigned to each director already in service and pending delivery as of 1 January 2024, 31 December 2024 and 31 December 2025, as well as the gross shares that were delivered to them in 2024 and 2025, either in the form of an immediate payment or a deferred payment. In this case after having been appraised by the board, at the proposal of the remuneration committee, that the corresponding one-fifth of each plan had accrued. They come from the deferred conditional and linked to multi-year objectives in 2019, 2020, 2021, 2022, 2023, 2024 and 2025 were formalized.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share-based variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at January 1,2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2024 (Maximum number of shares to be delivered)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2019 variable remuneration</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,452)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,386 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">118,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59,145)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2020 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,049)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,865)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143,740</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(47,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177,675)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">479,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119,911)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,190,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(297,586)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358,419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62,334)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">600,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(104,413)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,127,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469,286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(321,645)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,876,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(790,931)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,632,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025 variable remuneration</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, in the next five years, the last three being subject to the fulfilment of multiannual objectives. Maximum opportunity subject to regulatory ratio compliance.                    </span></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.688%"><tr><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Instruments matured but not consolidated at January 1, 2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.61pt;font-weight:700;line-height:105%;position:relative;top:-2.48pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2025 (Maximum number of shares to be delivered)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2025</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,452 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,452)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,693 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59,145)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,049)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,048 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,865)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95,826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(47,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">533,023 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44,774)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162,750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325,499 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359,733 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30,218)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109,838)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">892,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74,992)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(272,588)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">545,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62,334)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,751 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">495,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(104,413)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">391,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">657,923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(114,421)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427,498 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74,347)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,085,421</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(188,768)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">896,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(404,447)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572,016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(279,480)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,632,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(683,927)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">948,569</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602,746 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602,746 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408,159 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408,159 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">The levels of achievement of the multi-year metrics of the long-term variable remuneration plans:</span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Seventh cycle of the deferred multi-year objectives variable remuneration plan (2022):</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 115.2% of achievement for the period 2022-2024.<br/>a. RoTE metric for 2024 year-end period at 150%. Weight of 40.0%.<br/>b. Relative TSR metric in 2022-2024 period at 83% of achievement. Weight of 40.0%.<br/>c. Sustainability metrics at 25% of achievement. Weight of 20.0%. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Sixth cycle of the deferred multi-year objectives variable remuneration plan (2021)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 91.6% of achievement for the period 2021-2023.<br/>a. CET1 metric at 100% of achievement for 2023 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 150% of achievement (target growth of 100%). Weight of 33.3%.<br/>c. TSR metric at 25% of achievement (target of 33 to 66 percentile). Weight of 33.3%.<br/></span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Fifth cycle of the deferred multi-year objectives variable remuneration plan (2020)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 83.0% of achievement for the period 2020-2022.<br/>a. CET1 metric at 100% of achievement for 2022 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 150% of achievement (target growth of 10%). Weight of 33.3%.<br/>c. TSR metric at 0% of achievement (minimum target of 33% not reached). Weight of 33.3%</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, the maximum number of RSUs of PagoNxt, S.L. to be delivered under the current plan (and subject to regulatory ratio compliance) is 9,415 and 7,909 units for Ana Botín and Héctor Grisi, respectively.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the table below shows the cash delivered in 2025 and 2024, by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one deferral relating to each plan had accrued:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="15" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2023, 2022, 2021 and 2020 variable remuneration)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2022, 2021, 2020 and 2019 variable remuneration)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,851</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,759</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,780</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,419</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,279</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,220</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">863</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">945</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,130</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,940</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,000</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,228</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2d9b142fe3ce4c0ba08ceefd4a143e6e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii) Information on former members of the board of directors</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The chart below includes information on the maximum number of shares to which former members of the board of directors, are entitled for their participation in the various deferred variable remuneration systems, which instrumented a portion of their variable remuneration relating to the years in which they were executive directors. Also set forth below is information on the deliveries, whether in shares or in cash, made in 2025 and 2024 to former board members, upon achievement of the conditions for the receipt thereof (see note 46):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,511</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,024</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,400</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,100</span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:9pt;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7.75pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:6.75pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,860</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,512</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,512</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,700</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,911</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, EUR 724 thousand and EUR 650 thousand relating to the deferred portion payable in cash of the aforementioned plans were paid each in 2025 and 2024. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="id6858bb28e0f4fcd8030c61636c5fac3_26153"></span><span id="id6858bb28e0f4fcd8030c61636c5fac3_26400"></span><span id="id6858bb28e0f4fcd8030c61636c5fac3_26401"></span><span id="i35704fcb0bd14f0aa7b2ff9bfa44333c"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Loans</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander’s direct risk exposure to the bank’s directors and the guarantees provided for them are detailed below. These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Antonio Francesco Weiss </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gina Díez Barroso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Javier Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Juan Carlos Barrabés </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> D</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sol Daurella </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Ceased as director of Banco Santander, S.A. on 22 March 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Director since 27 June 2024. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Director since 27 June 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Ceased as director of Banco Santander, S.A. on 27 June 2024 .</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span id="i7eb636f7f29c459e95accae5f87295e2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Senior management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">The table below includes the amounts relating to the short-term remuneration of the members of senior management at 31 December 2025 and those at 31 December 2024, excluding the remuneration of the executive directors, which is detailed above.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.237%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short-term salaries and deferred remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration (bonus) - Immediate payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of<br/>persons</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pensions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other<br/>remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,255</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,179</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,180</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,306</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,306</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,456</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,592</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,466</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,376</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,377</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,319</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,320</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,520</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,153</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,531</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1.Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for the work of one director in said entity.</span></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.    The amount of immediate payment for 2024 is 894,587 shares (1,611,965 Santander shares in 2024).</span></div><div style="margin-bottom:18pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3.    The deferred amount in instruments not linked to long-term objectives for 2024 is 416,410 shares ( 725,399 Santander shares in 2024).</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the amounts reflected in the table, salary remunerations amounting to EUR 4,118 thousand were granted in the form of buyouts and sign-on awards, related to the recruitment of new members who joined this employee group during the year.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the ratio of variable to fixed pay components was 134% of the total for senior managers, well within the maximum limit of 200% set by 2024 AGM.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, the detail of the breakdown of the remuneration linked to long-term objectives of the members of senior management at 31 December 2025 and 31 December 2024 is provided below. These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note 46):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.504%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.125%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration subject to long-term objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of people</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash <br/>payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Instrument</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">payment</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,521 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,522 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,043 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,485 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,486 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,971 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.    Relates to the fair value of the maximum annual amounts for years 2029, 2030 and 2031 of the tenth cycle of the deferred conditional variable remuneration plan (2028, 2029 and 2030 for the ninth cycle of the deferred variable compensation plan linked to annual objectives for the year 2024). The face value of the three aforementioned deferred amounts is EUR 12,919 thousand for 2025.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, members of senior management who stepped down from their roles in 2025 consolidated salary remuneration and other remuneration for a total amount of EUR 2,905 thousand (EUR 12,303 thousand in 2024). In 2025 rights regarding variable</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">pay subject to long-term objectives amounted to EUR 342 thousand (EUR 633 thousand were generated in 2024 for this collective). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of 31 December 2025 and 31 December 2024 relating to the deferred portion under the various plans then in force is the following (see note 46):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,294 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">370,522 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">486,863 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">966,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">891,305 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430,464 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934,609 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,395,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2024)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,601,213 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2025 and 2024 to the senior management, in addition to the payment of the related cash amounts:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.333%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,730 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,249 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185,261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243,433 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">351,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266,390 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">357,615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,652 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,212,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2024) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,399,679 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As indicated in note 5.c above, senior management participate in the benefit system created in 2012, which covers the contingencies of retirement, disability and death. Banco Santander makes annual contributions to the benefit plans of its senior managers. In 2012, the contracts of the senior managers with benefit pension commitments were amended to transform them into a contribution system. The system, which is outsourced to Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., gives senior managers the right to receive benefits upon retirement, regardless of whether or not they are active at Banco Santander at such time, based on contributions to the system. This new system replaced their previous right to receive a pension supplement in the event of retirement. In the event of pre-retirement, and up to the retirement date, senior managers appointed prior to September 2015 are entitled to receive an annual allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, further to applicable remuneration regulations, from 2016 (inclusive), a discretionary pension benefit component of at least 15% of total remuneration in contributions to the pension system has been included. Under the regime corresponding to these discretionary benefits, the contributions that are calculated on variable remunerations are subject to malus and clawback clauses, subject to policies applicable at each time, and during the same period in which the variable remuneration is deferred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the annual contributions calculated on variable remunerations must be invested in Bank shares for a period of five years from the date that the senior manager leaves the Group, regardless of whether or not they leave to retire. Once that period has elapsed, the amount invested in shares will be reinvested, along with the remainder of the cumulative balance corresponding to the senior manager, or it will be paid to the senior manager or to their beneficiaries in the event of a contingency covered by the benefits system.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contracts of some members of senior management were modified at the beginning of 2018 with the same objective and changes indicated in section c of this note for Ana Botín. The modifications, which are aimed at aligning the annual contributions with the practices of comparable institutions and reducing the risk of future obligations by eliminating the supplementary scheme for death (widowhood and orphanhood) and permanent disability in service without increasing the costs to the bank, are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Contributions to the pensionable bases were reduced. Gross annual salaries were increased in the corresponding amount.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The death and disability supplementary benefits were eliminated since 1 January 2018 for some members of senior management and since 1 April 2018 for executive directors. A fixed remuneration supplement reflected in other remuneration in the table above was implemented on the same date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The amounts insured for life and accident insurance were increased.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">All of the above was done without an increase in total cost for the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance as of 31 December 2025 in the pension system for those who were part of senior management at year end amounted to EUR 51 million (EUR 51 million at 31 December 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net charge to income corresponding to pension amounted to EUR 4.9 million in 2025 (EUR 4.5 million in 31 December 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025 and 2024 there have been no payments in the form of a single payment of the annual voluntary pre-retirement allowance.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the capital insured by life and accident insurance at 31 December 2025 of this group amounts to EUR 78 million (EUR 83 million at 31 December 2024).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i5eff45286f704bad8b11359cd1182180"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">h) Post-employment benefits to former directors and former senior executive vice presidents</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The post-employment benefits and settlements paid in 2025 to former directors of the Bank, other than those detailed in note 5.c amounted to EUR 5.6 million and EUR 5.6 million in 2024, respectively. Also, the post-employment benefits and settlements paid in 2025 to former executive vice presidents amounted to EUR 16 million and EUR 12.7 million in 2024, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contributions to insurance policies that hedge pensions to previous members of the Bank’s board of directors, amounted to EUR 0.17 million in 2025 (EUR 0.17 million in 2024). Likewise, contributions to insurance policies that hedge pensions for previous senior managers amounted to EUR 1.3 million in 2025 (EUR 2.3 million in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No releases or charges were recorded in the consolidated income statement for pension commitments and similar obligations held by the Group with previous former members of the bank's board of directors or former members of senior management in 2025 and 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, 'Provisions - Pension Fund and similar obligations' in the consolidated balance sheet as at 31 December 2025 included EUR 43 million in respect of the post-employment benefit obligations to former Directors of the Bank (EUR 46 million at 31 December 2024) and EUR 108 million corresponding to former members of senior management (EUR 96 million at 31 December 2024).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i98f70407a972422a9f4a076cc534c1ad"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">i) Pre-retirement and retirement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The board of directors approved an amendment to the contracts of executive directors whereby they ceased to have the right to pre-retire in case of termination of his contract.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ifd105e0ed6eb43eab70122226f576e95"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">j) Contract termination</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive directors and members of senior management have indefinite-term employment contracts. Executive directors or senior managers whose contracts are terminated voluntarily or due to breach of duties are not entitled to receive any economic compensation. If Banco Santander terminates the contract for any other reason, they will be entitled to the corresponding legally-stipulated termination benefit, without prejudice to any compensation that may for non-competition obligations, as detailed in the directors' remuneration policy. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If Banco Santander were to terminate her contract, Ana Botín would have to remain at Banco Santander’s disposal for a period of 4 months in order to ensure an adequate transition, and would receive her fixed salary during that period.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i31e5ac1f73364b8bab320ddd5a07b6a5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">k) Information on investments held by the directors in other companies and conflicts of interest</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">None of the members of the board of directors have declared that they or persons related to them may have a direct or indirect conflict of interest with the interests of Banco Santander, S.A., as set forth in article 229 of the Corporate Enterprises Act.</span></div></div></div> 6000000 6000000 2 5300000 5400000 <div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For 2025, the board of directors, upon recommendation of the remuneration committee, approved a 3% increase in the annual</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">allotments payable to the chair and members of the board and its committees (including the executive committee), as well as to the lead independent director and the non-executive Vice Chair . Accordingly, each director received, in respect of 2024 and 2025, the amounts corresponding to their service on the board and its committees, with such amounts determined by the specific position held, as detailed in the table below.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:62.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.493%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Amount per director in euros</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100,940 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">98,000 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the executive committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">175,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">170,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44,290</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44,290</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the responsible banking, sustainability and culture committee </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Members of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,840</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the audit committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the appointments committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the remuneration committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the risk supervision, regulation and compliance committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the responsible banking, sustainability and culture committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">51,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Chair of the innovation and technology committee</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">72,100</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">70,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Lead independent director</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:105%;position:relative;top:-2.44pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">113,300</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110,000</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-executive Vice Chair</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,900</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30,000</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Glenn Hutchins has been allocated EUR 700,000 (including annual allowances and attendance fees) in minimum total annual pay set for the required time and dedication to perform his roles.</span></div> 0.03 100940 98000 175100 170000 44290 43000 28840 28000 28840 28000 44290 43000 28840 28000 28840 28000 72100 70000 51500 50000 51500 50000 72100 70000 51500 50000 72100 70000 113300 110000 30900 30000 700000 0.03 :<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.437%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.543%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attendance fees per director per meeting in euros </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Board of directors</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,785 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,704 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit committee and risk supervision, regulation and compliance committee</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,768 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other committees (excluding executive committee) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,606 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,560 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 2785 2704 1821 1768 1606 1560 0.40 0.60 P5Y 0.20 0.40 3 1.25 0.40 0.60 0.22 0.30 3 14101000000 0.12 0.16 1.32 0.60 0.0017 0.0018 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by bank director, of the short-term (immediate) and deferred (not subject to long-term goals) remuneration for 2025 and 2024 is provided below:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Bylaw-stipulated emoluments</span></td></tr><tr style="height:12pt"><td colspan="27" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Annual emolument</span></td></tr><tr style="height:15pt"><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Board</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">F</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Executive committee</span></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Audit committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Nomination committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Remuneration committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">1</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Risk supervision, regulation and compliance oversight committee</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:700;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">2</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Responsible banking, sustainability and culture committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Innovation and technology committee</span></div></td><td colspan="3" rowspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Attendance fees and commissions</span></td></tr><tr style="height:15pt"><td colspan="30" style="display:none"></td></tr><tr style="height:30pt"><td colspan="30" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">67 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Carlos Barrabés</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">196</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total 2024</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">190</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. All amounts received were reimbursed to Fundación Botín.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Director and member of the nomination committee, responsible banking, sustainability and culture committee and innovation and technology committee since 27 June 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Director since 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Stepped down as director on 22 March 2024.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Stepped down as director on 27 June 2024.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Also includes emoluments for other roles in the board.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Changes in the chairship or membership of the committees:</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">Antonio Weiss was appointed member of the remuneration committee on 1 January 2025.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">José Antonio Álvarez was appointed member of the risk supervision, regulation and compliance oversight committee on 1 January 2025.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Other remuneration includes EUR 1,000 thousand for the role as non-executive Chair of the Santander España business unit and for attending its board and committee meetings for Luis Isasi. For José Antonio Álvarez, this amount includes remuneration as strategic advisor of Grupo Santander, life and health insurance contributions (EUR 678 thousand) and part of the former supplement for having waived the death and disability policy (EUR 12 thousand).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:13.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.276%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:4pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="18" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Short-term and deferred (not subject to long-term goals) salaries of executive directors</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Variable - immediate payment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Deferred variable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">In instruments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Pension contribution</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Other remuneration</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,435 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,003 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,003 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,444 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,341 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">11,977 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">12,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">7,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">718 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,489 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">9,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">2,887 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">3,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">700 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">284 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Javier Botín</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Sol Daurella</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">314 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Gina Díez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">222 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,423 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">1,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">581 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">383 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">344 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Carlos Barrabés</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">259 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Antonio Weiss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">180 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.03pt;font-weight:400;line-height:105%;position:relative;top:-2.71pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">6,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,693</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,694</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">16,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">29,462</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">Total 2024</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">6,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">3,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">1,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">16,601</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">2,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">5,815</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:700;line-height:105%">30,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.75pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Footnotes in previous table.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">The table below includes the amounts relating to the short-term remuneration of the members of senior management at 31 December 2025 and those at 31 December 2024, excluding the remuneration of the executive directors, which is detailed above.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.237%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short-term salaries and deferred remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration (bonus) - Immediate payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of<br/>persons</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fixed</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">3</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pensions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other<br/>remuneration</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,255</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,179</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,180</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,306</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,306</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,456</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,592</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,466</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,376</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,377</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,319</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,320</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,520</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,153</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,531</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1.Includes other remuneration items such as life and medical insurance premiums and localization aids and lastly RSUs from PagoNxt S.L., for the work of one director in said entity.</span></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.    The amount of immediate payment for 2024 is 894,587 shares (1,611,965 Santander shares in 2024).</span></div><div style="margin-bottom:18pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3.    The deferred amount in instruments not linked to long-term objectives for 2024 is 416,410 shares ( 725,399 Santander shares in 2024).</span></div> 101000 175000 0 0 0 0 0 29000 44000 101000 175000 0 0 0 0 0 29000 44000 132000 175000 0 0 0 44000 0 29000 67000 412000 0 0 29000 80000 0 0 101000 78000 101000 0 44000 0 0 0 29000 29000 81000 101000 0 0 0 0 0 0 0 36000 101000 0 0 29000 29000 0 80000 0 75000 101000 0 44000 0 29000 0 0 29000 80000 101000 0 0 29000 0 0 29000 0 63000 101000 175000 0 0 29000 44000 0 0 74000 101000 175000 44000 80000 0 44000 0 29000 107000 101000 0 44000 0 0 116000 29000 0 93000 101000 0 116000 0 0 44000 0 0 83000 101000 0 0 29000 0 0 29000 29000 71000 101000 0 0 0 29000 0 0 0 50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1857000 875000 292000 196000 196000 292000 196000 304000 1047000 1791000 933000 306000 183000 168000 263000 190000 280000 1240000 1000000 678000 12000 3435000 2003000 2003000 1001000 1002000 9444000 1341000 843000 11977000 12127000 3150000 1384000 1384000 692000 692000 7302000 1120000 718000 9489000 9137000 0 0 0 0 0 0 0 2440000 2887000 3698000 0 0 0 0 0 0 0 0 700000 700000 0 0 0 0 0 0 0 0 284000 285000 0 0 0 0 0 0 0 0 137000 144000 0 0 0 0 0 0 0 0 314000 292000 0 0 0 0 0 0 0 0 283000 300000 0 0 0 0 0 0 0 0 222000 225000 0 0 0 0 0 0 0 1000000 1423000 1440000 0 0 0 0 0 0 0 0 581000 599000 0 0 0 0 0 0 0 0 383000 381000 0 0 0 0 0 0 0 0 344000 338000 0 0 0 0 0 0 0 0 259000 128000 0 0 0 0 0 0 0 0 180000 72000 0 0 0 0 0 0 0 0 0 78000 0 0 0 0 0 0 0 0 0 271000 6585000 3387000 3387000 1693000 1694000 16746000 2461000 5001000 29462000 6585000 3130000 3130000 1877000 1879000 16601000 2444000 5815000 30214000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail by executive director of the salaries linked to multi-year objectives at their fair Value, which will only be received if the conditions of permanence in the Group, non-applicability of malus clauses and achievement of the established objectives are met (or, as the case may be, of the minimum thresholds thereof, with the consequent reduction of amount agreed-upon at the end of the year) in the terms described in Note 46.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:30.247%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.125%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.383%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable subject to long-term<br/>objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In cash</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In shares</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">In RSUs</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">701 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,804 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">484 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,938 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,611 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,185</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,170</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,742</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,943</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">1. Corresponds with the fair value of the maximum amount they are entitled to in a total of 3 years: 2029, 2030 and 2031, subject to conditions of continued service, with the exceptions provided, and to the non-applicability of malus clauses and achievement of the objectives established. The face value of the three aforementioned deferred amounts is EUR 6,774 thousand for 2025 (EUR 4,006 thousand for Ana Botín and EUR 2,768 thousand for Héctor Grisi).</span></div>These remuneration payments shall be received, as the case may be, in the corresponding deferral periods, upon achievement of the conditions stipulated for each payment (see note 46):<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.504%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.125%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variable remuneration subject to long-term objectives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of people</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash <br/>payment</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Instrument</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">payment</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,521 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,522 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,043 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,485 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,486 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,971 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.    Relates to the fair value of the maximum annual amounts for years 2029, 2030 and 2031 of the tenth cycle of the deferred conditional variable remuneration plan (2028, 2029 and 2030 for the ninth cycle of the deferred variable compensation plan linked to annual objectives for the year 2024). The face value of the three aforementioned deferred amounts is EUR 12,919 thousand for 2025.</span></div> 701000 1893000 210000 2804000 2332000 484000 1277000 176000 1938000 1611000 1185000 3170000 386000 4742000 3943000 P3Y 3 6774000 4006000 2768000 0.70 100000 85000 200000 200000 200000 15000 100000 115000 157000 1000000 1750000 P5Y 0.22 0.30 3 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions recognised in 2025 and 2024 for retirement pensions were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:68.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,341 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,339 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,120 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,461</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1341000 1339000 1120000 1105000 2461000 2445000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the balances relating to each of the directors under the welfare system as of 31 December 2025 and 2024:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.778%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.962%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65,027 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,033 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,178 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,238</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,356</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 65027000 54731000 2033000 1299000 23178000 20326000 90238000 76356000 Also, the following table provides information on the sums insured for the Bank’s directors:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insured capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="6" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,659 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,525 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,600 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,600 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,500 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,759</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 20659000 21525000 12600000 12600000 10500000 11215000 43759000 45340000 8300000 13500000 0 0 0.60 P5Y 0.30 9 0.50 4 0.20 3 1.25 2 0.50 0.50 3 0.25 0.75 11500000 50 30 30 10.261 61.07 <div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Share-based variable remuneration</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at January 1,2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2024 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2024 (Maximum number of shares to be delivered)</span></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2019 variable remuneration</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,452)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,386 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">118,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59,145)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2020 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,049)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,865)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143,740</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(47,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2021 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177,675)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">479,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119,911)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,190,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(297,586)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2022 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358,419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62,334)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">241,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">600,374</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(104,413)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,127,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469,286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(321,645)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,876,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(790,931)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-left:1pt solid #cbcbcb;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024 variable remuneration</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,632,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025 variable remuneration</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">1</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">For each director, 40% of the shares indicated correspond to the short-term variable (or immediate payment). The remaining 60% is deferred for delivery, where appropriate, in the next five years, the last three being subject to the fulfilment of multiannual objectives. Maximum opportunity subject to regulatory ratio compliance.                    </span></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.688%"><tr><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.904%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Instruments matured but not consolidated at January 1, 2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.61pt;font-weight:700;line-height:105%;position:relative;top:-2.48pt;vertical-align:baseline">2</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2023 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2022 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2021 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2020 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Shares delivered in 2025 (deferred payment 2019 variable remuneration)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Variable remuneration 2025 (Maximum number of shares to be delivered)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.1pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered at December 31, 2025</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,452 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,452)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,693 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23,693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59,145)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31,049)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,048 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,865)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95,826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(47,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">533,023 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44,774)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162,750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325,499 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359,733 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30,218)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109,838)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">219,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">892,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74,992)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(272,588)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">545,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62,334)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,751 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">495,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(104,413)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">391,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">657,923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(114,421)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427,498 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74,347)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,085,421</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(188,768)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">896,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(404,447)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572,016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(279,480)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,632,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(683,927)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">948,569</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602,746 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602,746 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408,159 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408,159 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.72pt">The levels of achievement of the multi-year metrics of the long-term variable remuneration plans:</span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Seventh cycle of the deferred multi-year objectives variable remuneration plan (2022):</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 115.2% of achievement for the period 2022-2024.<br/>a. RoTE metric for 2024 year-end period at 150%. Weight of 40.0%.<br/>b. Relative TSR metric in 2022-2024 period at 83% of achievement. Weight of 40.0%.<br/>c. Sustainability metrics at 25% of achievement. Weight of 20.0%. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> 2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Sixth cycle of the deferred multi-year objectives variable remuneration plan (2021)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 91.6% of achievement for the period 2021-2023.<br/>a. CET1 metric at 100% of achievement for 2023 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 150% of achievement (target growth of 100%). Weight of 33.3%.<br/>c. TSR metric at 25% of achievement (target of 33 to 66 percentile). Weight of 33.3%.<br/></span><span style="background-color:#ffff00;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"><br/></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;text-decoration:underline">) Fifth cycle of the deferred multi-year objectives variable remuneration plan (2020)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">: 83.0% of achievement for the period 2020-2022.<br/>a. CET1 metric at 100% of achievement for 2022 year-end period (target 12.00%). Weight of 33.3%.<br/>b. Underlying BPA growth at 150% of achievement (target growth of 10%). Weight of 33.3%.<br/>c. TSR metric at 0% of achievement (minimum target of 33% not reached). Weight of 33.3%</span></div> 70905 35452 47386 23693 118290 59145 93146 31049 50594 16865 143740 47914 710698 177675 479644 119911 1190342 297586 358419 62334 241954 42079 600374 104413 1127209 469286 749143 321645 1876352 790931 976463 656033 1632496 0.40 0.60 P5Y 3 35452 35452 23693 23693 59145 59145 62097 31049 31048 33729 16865 16864 95826 47914 47912 533023 44774 162750 325499 359733 30218 109838 219677 892756 74992 272588 545176 296085 62334 233751 199875 42079 157796 495961 104413 391548 657923 114421 543502 427498 74347 353151 1085421 188768 896653 976463 404447 572016 656033 279480 376553 1632496 683927 948569 602746 602746 408159 408159 1010904 1010904 1.152 1.50 0.400 0.83 0.400 0.25 0.200 0.916 1 0.1200 0.333 1.50 1 0.333 0.25 0.33 0.66 0.333 0.830 1 0.1200 0.333 1.50 0.10 0.333 0 0.33 0.333 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, the maximum number of RSUs of PagoNxt, S.L. to be delivered under the current plan (and subject to regulatory ratio compliance) is 9,415 and 7,909 units for Ana Botín and Héctor Grisi, respectively.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the table below shows the cash delivered in 2025 and 2024, by way of either immediate payment or deferred payment, in the latter case once the Board had determined, at the proposal of the remuneration committee, that one deferral relating to each plan had accrued:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td><td colspan="15" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2024 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2023, 2022, 2021 and 2020 variable remuneration)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (immediate payment 2023 variable remuneration)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash paid (deferred payments from 2022, 2021, 2020 and 2019 variable remuneration)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,851</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,759</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,780</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,419</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,279</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,220</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">863</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">945</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,130</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,940</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,000</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,228</span></td></tr></table></div> 9415 7909 1851000 1759000 1780000 1419000 1279000 366000 1220000 863000 0 815000 0 945000 3130000 2940000 3000000 3228000 Also set forth below is information on the deliveries, whether in shares or in cash, made in 2025 and 2024 to former board members, upon achievement of the conditions for the receipt thereof (see note 46):<div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,511</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,024</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,400</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,100</span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:9pt;text-indent:-9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:76.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 7.75pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:6.75pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,860</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,490</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,512</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,512</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,700</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,911</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The maximum number of Santander shares that the members of senior management at each plan grant date (excluding executive directors) were entitled to receive as of 31 December 2025 and 31 December 2024 relating to the deferred portion under the various plans then in force is the following (see note 46):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Maximum number of shares to be delivered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,294 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">370,522 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">486,863 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">966,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">891,305 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430,464 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934,609 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,395,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2024)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,601,213 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since the conditions established in the corresponding deferred share-based remuneration schemes for prior years had been met, the following number of Santander shares was delivered in 2025 and 2024 to the senior management, in addition to the payment of the related cash amounts:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:63.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.333%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Number of shares delivered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2018)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,730 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2019) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,249 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2020) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185,261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2021) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243,433 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">351,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2022) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">266,390 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">357,615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2023) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,652 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,212,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deferred conditional variable remuneration plan and linked to objectives (2024) </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,399,679 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0 24490 35511 71024 137400 206100 0 29860 24490 24490 35512 35512 68700 12911 724000 650000 These transactions were made on terms equivalent to those that prevail in arm’s-length transactions or the related compensation in kind was recognized:<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR thousand</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and credits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Guarantees</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ana Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Héctor Grisi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">José Antonio Álvarez</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Glenn Hutchins</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Antonio Francesco Weiss </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Belén Romana</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bruce Carnegie-Brown</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Germán de la Fuente</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gina Díez Barroso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Henrique de Castro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Homaira Akbari</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Javier Botín</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Juan Carlos Barrabés </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Luis Isasi</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pamela Walkden</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ramiro Mato</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> D</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sol Daurella </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">143</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Ceased as director of Banco Santander, S.A. on 22 March 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Director since 27 June 2024. </span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Director since 27 June 2024.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5pt">Ceased as director of Banco Santander, S.A. on 27 June 2024 .</span></div><div style="margin-bottom:9pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,787 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">618 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,316 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">789 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,108 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">778 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,097 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:25.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.282%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.591%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.284%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Excess of gross exposure over maximum recoverable amount of effective collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Specific allowance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financing for construction and property development (including land) (business in Spain)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,984</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items written-off assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.221%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Memorandum items: Data from the public consolidated balance sheet</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total loans and advances to customers excluding the Public sector (business in Spain) (Book value)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240,609 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total consolidated assets (Total business) (Book value)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,867,515 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,086 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which impairment losses on assets since time of foreclosure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets arising from financing provided to construction and property development companies</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,699</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">324 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Buildings under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,255 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,484 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Developed land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets from home purchase mortgage loans to households</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">334</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other foreclosed property assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total property assets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,258</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.162%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portfolio</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading and Financial assets designated as FV with changes in results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets <br/>at fair value <br/>through other <br/>comprehensive <br/>income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial <br/>assets at <br/>amortised cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatory at fair value through profit or loss</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,852 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,044 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,008 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,293 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(659)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest Eurozone</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,943 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,926 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,533 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">676 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the World</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">224,947</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Risks with domestic public or private borrowers in foreign currency and originated outside the country.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">2 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Countries that are not considered low risk by Banco de España.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.606%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">489,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42,700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">739 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,000,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">515,253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,490,210</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,751</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">558,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">15,484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,715</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">6,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13,499 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">261 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,630 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">566 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">406 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">171 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:24.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="24" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, non-performing/Doubtful</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of<br/>transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">259 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">296,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">26,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,620,343 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,401 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">296,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,916,935</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,354</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">323,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,980</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,923</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,901 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">120 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,720 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">235 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Risk metric values on the consolidated balance sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main market risk metric</span></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main risk factor for 'Other' balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets subject to market risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,946 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165,827 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,867,515</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities subject to market risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,754,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div> 3000 0 3000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5000 0 5000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 137000 0 137000 138000 0 138000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 140000 0 140000 143000 0 143000 15 19255000 9179000 9180000 4306000 4306000 4910000 6456000 57592000 14 16466000 7376000 7377000 3319000 3320000 4520000 7153000 49531000 894587 1611965 416410 725399 4118000 1.34 2 15 4521000 4522000 9043000 14 3485000 3486000 6971000 3 12919000 2905000 12303000 342000 633000 0 71294 145704 370522 486863 966680 891305 1430464 934609 1395815 1601213 0 0 57730 54249 71294 145704 185261 243433 351777 266390 357615 233652 1212984 1399679 0 0.15 P5Y 51000000 51000000 4900000 4500000 0 0 78000000 83000000 5600000 5600000 16000000 12700000 170000 170000 1300000 2300000 43000000 46000000 108000000 96000000 P4M Loans and advances to central banks and credit institutions<div style="margin-bottom:3pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:61.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,632</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,966</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,717</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,986</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,082</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">30,618</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">29,145</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,986</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,179</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,747</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,632</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,966</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,052</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">30,618</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">29,145</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,967</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27,314</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,061</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">413</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">408</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">459</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">313</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">61,513</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">55,537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">57,917</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">89,013</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">83,622</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,665</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,036</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,560</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">52,365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">48,932</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35,846</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non- loans advances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,987</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,659</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,353</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">89,013</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">83,622</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CURRENCY</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,697</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,347</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34,229</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,147</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,424</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,539</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,320</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22,539</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,602</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39,379</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47,151</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,890</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,078</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,028</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">119,631</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">112,767</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">110,549</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The loans and advances to credit institutions classified under 'Financial assets at amortised' cost are mainly time accounts and deposits.</span></div><div style="margin-bottom:5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of their residual maturity periods.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This line item also includes irrevocable payment commitments to the Single Resolution Fund made in accordance with article 70.3 of Regulation 806/2014, which establishes uniform rules and a uniform procedure for the resolution of credit institutions and certain security service companies. investment within the framework of a Single Resolution Mechanism and a Single Resolution Fund, for which, in accordance with the standard, no provision has been recorded, these commitments have not been significant regarding the consolidated annual accounts.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the gross exposure by impairment stage of the assets accounted subject to impairment for amounts to EUR 78,623 million, EUR 0 million and EUR 0 million (EUR 72,084, EUR 0 million and EUR 0 million in 2024 and EUR 78,321 million, EUR 0 million and EUR 0 million in 2023), and the loan loss provision by impairment stage amounts to EUR 4 million, EUR 0 million and EUR 0 million (EUR 5 million, EUR 0 million and EUR 0 million in 2024 and EUR 9 million, EUR 0 million and EUR 0 million in 2023) in stage 1, stage 2 and stage 3, respectively.</span></div><div><span><br/></span></div></div></div> <div style="margin-bottom:3pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Loans and advances to central banks and credit institutions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:61.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,632</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,966</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,717</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,986</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,082</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">30,618</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">29,145</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15,986</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16,179</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,747</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,632</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12,966</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,052</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">30,618</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">29,145</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">37,799</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,967</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27,314</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14,061</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at<br/>fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">413</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">408</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">459</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets designated at fair value<br/>through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">313</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">61,513</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">55,537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">57,917</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">89,013</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">83,622</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10,665</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,036</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,560</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">52,365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">48,932</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35,846</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non- loans advances</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,987</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">25,659</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28,353</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Valuation adjustments for impairment</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">89,013</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">83,622</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">72,750</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">CURRENCY</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,697</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,347</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34,229</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,147</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,424</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,539</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,320</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22,539</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17,602</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43,577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39,379</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47,151</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,890</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,078</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,028</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">119,631</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">112,767</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">110,549</span></td></tr></table></div> 14632000000 12966000000 17717000000 0 0 0 0 0 0 0 0 0 15986000000 16179000000 20082000000 30618000000 29145000000 37799000000 15986000000 16179000000 17747000000 14632000000 12966000000 20052000000 0 0 0 0 0 0 30618000000 29145000000 37799000000 25967000000 27314000000 14061000000 0 0 0 413000000 408000000 459000000 1120000000 363000000 313000000 61513000000 55537000000 57917000000 89013000000 83622000000 72750000000 10665000000 9036000000 8560000000 52365000000 48932000000 35846000000 25987000000 25659000000 28353000000 0 0 0 -4000000 -5000000 -9000000 89013000000 83622000000 72750000000 43697000000 43347000000 34229000000 5147000000 2424000000 3539000000 23320000000 22539000000 17602000000 43577000000 39379000000 47151000000 3890000000 5078000000 8028000000 119631000000 112767000000 110549000000 78623000000 0 0 72084000000 0 0 78321000000 0 0 -4000000 0 0 -5000000 0 0 -9000000 0 0 Debt securities<div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="iacfd8e78ba044ec4a7fcbca321e7d2d7"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Detail</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:62.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,568 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,646 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,124 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,894 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,305 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,558 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,014 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish government debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,742 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,919 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign government debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172,468 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,747 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by financial institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,681 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fixed-income securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,029 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired financial assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">842 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(520)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(349)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,969 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,456 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,857 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,671 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,189 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,231 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,432 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,561 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities excluding impairment adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,546</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(520)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(349)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The increase in the year of the debt securities portfolio under the heading 'Financial assets at fair value with changes in other comprehensive income' is mainly due to the increase in exposure to sovereign debt, as a result of greater activity in the markets business, both its own and for distribution to clients.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the increase in the debt securities portfolio under the heading 'Financial assets at amortized cost' is due to the continuation of the strategy started in year 2022 in which two new business models were created for the optimization of excess liquidity and the management of the maturity of the balance sheet credit and deposit portfolios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023 the gross exposure by impairment stage of the book assets amounted to EUR 196,509 million, EUR 196,514 million and EUR 176,697 million in stage 1; EUR 1,480 million, EUR 597 million and EUR 203 million in stage 2, and EUR 842 million, EUR 701 million and EUR 461 million in stage 3, respectively.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, at 31 December 2025, the Group had EUR 8 million (EUR 44 million at 31 December 2024) of exposure in assets purchased with impairments, which correspond mainly to the business combinations carried out by the Group with any additional impairment signs.</span></div></div></div><div style="margin-bottom:6pt;margin-top:15pt;padding-right:263.62pt"><span id="i7b097a174c45444ca392f2f0c69bfd3e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by origin of the issuer, of debt securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.572%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,742 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,270 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.09</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,919 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,820 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.75</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,525 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,846 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.62</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,336 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,227 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,563 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.85</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,077 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,816 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,564 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,212 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,627 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,839 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,826 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,215 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,036 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.01</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,072 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.18</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,968 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,945 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.54</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,239 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,281 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.61</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.32</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.50</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.24</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other European countries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,682 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,894 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,576 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.86</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,702 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.57</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.40</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,941 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,199 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,140 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.71</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,475 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,811 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.21</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,959 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,518 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,908 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,426 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.87</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,001 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,113 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.37</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,969 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,567 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other American countries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,254 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,954 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,208 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,336 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,838 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.76</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,125 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,257 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,382 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.52</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">806 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.23</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,210</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by issuer rating, of Debt securities at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.277%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,952 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,320 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,272 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.42</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,889 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,329 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.23</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,887 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,039 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.47</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,598 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,451 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,049 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.68</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,972 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.65</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.32</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,206 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,537 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,743 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.24</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,056 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.53</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.60</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,872 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,066 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,938 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.98</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,922 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.29</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Below BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,052 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,836 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,888 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.63</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,675 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.54</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.97</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unrated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.05</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.22</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.35</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,210</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, France's rating for sovereign issuances has been modified from AA- to A+. During 2024, Portugal's rating for sovereign issuances was modified from BBB+ to A-. For the year 2023, the distribution of the exposure by rating level of the previous table was not affected by ratings reviews of the sovereign issuers.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of financial instrument, of private fixed-income securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securitised mortgage bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,514 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,709 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,310 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset-backed bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,073 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,624 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate debt</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,721 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate debt</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,508 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span id="i5eb4ab1e62f44c1aad4ab19af53a9f2b"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on debt securities are summarised below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net impairment losses for the year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to income </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">238 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(56)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets written off</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">520</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By geographical location of risk:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">European Union</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">494 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">326 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Of the EUR 182 million corresponding to net provisions for the year ended 31 December 2025 (EUR 226 million and EUR 24 million at 31 December 2024 and 2023, respectively), EUR 182 million relates to financial assets at amortized cost (EUR 227 million and EUR 23 million at 31 December 2024 and 2023, respectively) and EUR 0 million relates to financial assets designated at fair value through other comprehensive income (EUR -1 million and EUR 1 million at 31 December 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 62 million, EUR 39 million and EUR 30 million in stage 1, EUR 66 million, EUR 9 million and EUR 8 million in stage 2, and EUR 392 million, EUR 301 million and EUR 248 million in stage 3, respectively.</span></div> <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, type and currency, of Debt securities in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:62.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,568 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,646 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,124 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,894 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,305 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,558 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,014 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spanish government debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,742 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,919 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign government debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172,468 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,747 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by financial institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,681 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fixed-income securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,029 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired financial assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">842 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(520)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(349)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,969 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,456 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,857 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,671 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,189 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,231 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,432 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,561 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities excluding impairment adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,546</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,489</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(520)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(349)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(286)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 98568000000 82646000000 62124000000 245000000 447000000 860000000 2894000000 2897000000 3095000000 58305000000 76558000000 73565000000 140014000000 120949000000 103559000000 300026000000 283497000000 243203000000 63742000000 56919000000 40321000000 172468000000 164747000000 145732000000 17465000000 16776000000 14681000000 46029000000 44703000000 42294000000 842000000 701000000 461000000 -520000000 -349000000 -286000000 300026000000 283497000000 243203000000 142969000000 118456000000 90857000000 14114000000 15630000000 9284000000 50671000000 48189000000 38161000000 48231000000 44432000000 46190000000 44561000000 57139000000 58997000000 300546000000 283846000000 243489000000 -520000000 -349000000 -286000000 300026000000 283497000000 243203000000 196509000000 196514000000 176697000000 1480000000 597000000 203000000 842000000 701000000 461000000 8000000 44000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by origin of the issuer, of debt securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.572%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,742 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,270 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.09</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,919 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,820 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.75</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,525 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,846 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.62</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,336 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,227 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,563 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.85</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,077 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,816 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,564 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,212 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,627 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,839 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,826 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,821 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,215 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,036 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.01</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,072 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.18</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,968 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,945 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.54</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,239 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,281 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.43</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.61</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.32</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.50</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.24</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other European countries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,682 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,894 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,576 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.86</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,702 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.57</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.40</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,941 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,199 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,140 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.71</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,475 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,811 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.21</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,959 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,518 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,908 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,426 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.87</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,001 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,113 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.37</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,969 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,567 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other American countries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,254 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,954 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,208 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,336 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,838 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.76</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,125 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,257 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,382 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.52</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">806 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.23</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,210</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div> 2528000000 63742000000 66270000000 0.2209 1901000000 56919000000 58820000000 0.2075 2525000000 40321000000 42846000000 0.1762 2336000000 9227000000 11563000000 0.0385 3077000000 9903000000 12980000000 0.0458 2816000000 4748000000 7564000000 0.0311 3212000000 5627000000 8839000000 0.0295 3224000000 5138000000 8362000000 0.0295 2826000000 4815000000 7641000000 0.0314 2821000000 24215000000 27036000000 0.0901 3072000000 22954000000 26026000000 0.0918 2968000000 12945000000 15913000000 0.0654 4239000000 42000000 4281000000 0.0143 4557000000 14000000 4571000000 0.0161 5632000000 11000000 5643000000 0.0232 22000000 1465000000 1487000000 0.0050 2472000000 15224000000 17696000000 0.0624 2937000000 12482000000 15419000000 0.0634 12682000000 25894000000 38576000000 0.1286 11593000000 12702000000 24295000000 0.0857 9797000000 15495000000 25292000000 0.1040 14941000000 29199000000 44140000000 0.1471 12475000000 27811000000 40286000000 0.1421 8959000000 22992000000 31951000000 0.1314 13518000000 33908000000 47426000000 0.1581 12738000000 32645000000 45383000000 0.1601 13551000000 32342000000 45893000000 0.1887 3001000000 25113000000 28114000000 0.0937 2190000000 20822000000 23012000000 0.0812 1969000000 20738000000 22707000000 0.0934 137000000 8567000000 8704000000 0.0290 96000000 6982000000 7078000000 0.0250 49000000 11995000000 12044000000 0.0495 3254000000 5954000000 9208000000 0.0307 3336000000 4502000000 7838000000 0.0276 2315000000 2546000000 4861000000 0.0200 1125000000 3257000000 4382000000 0.0145 1100000000 6050000000 7150000000 0.0252 806000000 4623000000 5429000000 0.0223 63816000000 236210000000 300026000000 1 61831000000 221666000000 283497000000 1 57150000000 186053000000 243203000000 1 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by issuer rating, of Debt securities at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.277%"></td><td style="width:0.1%"></td></tr><tr><td colspan="45" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Private fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Public fixed-income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,952 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,320 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,272 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.42</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,889 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,329 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.23</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,887 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,039 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.47</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,598 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,451 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,049 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.68</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,972 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22.65</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21.32</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,206 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,537 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,743 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.24</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,056 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34.53</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32.60</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,872 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,066 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,938 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.98</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,922 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.29</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Below BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,052 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,836 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,888 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.63</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,675 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.54</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.97</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unrated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;text-indent:-0.01pt;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.05</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.22</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.35</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,210</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300,026</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">283,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">243,203</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div> 15952000000 9320000000 25272000000 0.0842 16889000000 6440000000 23329000000 0.0823 15152000000 7887000000 23039000000 0.0947 19598000000 42451000000 62049000000 0.2068 16972000000 47254000000 64226000000 0.2265 15142000000 36704000000 51846000000 0.2132 13206000000 95537000000 108743000000 0.3624 10056000000 87814000000 97870000000 0.3453 11175000000 68112000000 79287000000 0.3260 6872000000 50066000000 56938000000 0.1898 8900000000 44483000000 53383000000 0.1883 7749000000 39173000000 46922000000 0.1929 5052000000 38836000000 43888000000 0.1463 5543000000 35675000000 41218000000 0.1454 4654000000 34177000000 38831000000 0.1597 3136000000 0 3136000000 0.0105 3471000000 0 3471000000 0.0122 3278000000 0 3278000000 0.0135 63816000000 236210000000 300026000000 1 61831000000 221666000000 283497000000 1 57150000000 186053000000 243203000000 1 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of financial instrument, of private fixed-income securities at 31 December 2025, 2024 and 2023, net of impairment losses, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securitised mortgage bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,514 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,709 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,310 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other asset-backed bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,073 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,624 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate debt</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,721 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate debt</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,508 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,816</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 10514000000 10709000000 9310000000 14073000000 11624000000 10243000000 18721000000 17323000000 15376000000 20508000000 22175000000 22221000000 63816000000 61831000000 57150000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on debt securities are summarised below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net impairment losses for the year</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to income </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">238 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(56)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets written off</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">520</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">349</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By geographical location of risk:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">European Union</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">494 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">326 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Of the EUR 182 million corresponding to net provisions for the year ended 31 December 2025 (EUR 226 million and EUR 24 million at 31 December 2024 and 2023, respectively), EUR 182 million relates to financial assets at amortized cost (EUR 227 million and EUR 23 million at 31 December 2024 and 2023, respectively) and EUR 0 million relates to financial assets designated at fair value through other comprehensive income (EUR -1 million and EUR 1 million at 31 December 2024 and 2023, respectively).</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,744 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,088 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,125 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(701)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,189)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(466)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(384)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(344)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(167)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(800)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(569)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,631</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,596 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,954 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,676 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(385)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,591)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(725)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(616)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(415)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(156)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(704)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,059)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,293</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,626 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,931 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(696)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,820)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(905)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(756)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(920)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,530 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in gross property development loans to customers were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,545</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net variation</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,984</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,545</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td></tr></table></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gross movement in foreclosed properties were as follows (EUR billion):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR Billion</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross additions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Difference</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> -349000000 -286000000 -226000000 182000000 226000000 24000000 238000000 234000000 36000000 56000000 8000000 12000000 0 -131000000 0 11000000 32000000 -36000000 -520000000 -349000000 -286000000 -26000000 -23000000 -22000000 -494000000 -326000000 -264000000 182000000 226000000 24000000 182000000 227000000 23000000 0 -1000000 1000000 -62000000 -39000000 -30000000 -66000000 -9000000 -8000000 -392000000 -301000000 -248000000 Equity instruments<div style="margin-bottom:6pt;margin-top:9pt"><span id="i4fd6e42de1e2442985563d4265f84ac1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,126</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of Spanish companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,083 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,730 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,540 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of foreign companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,633 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,185 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,410 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,587 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,126</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 29 contains a detail of the 'Other comprehensive income', recognised in equity, on 'Financial assets designated at fair value through other comprehensive income'.</span></div><div style="margin-bottom:6pt"><span id="iff0a4bcafce8451ab45fdca6aa674dfb"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Financial assets at fair value through other comprehensive income' were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,941 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions (disposals)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the RV hedged with micro-hedging transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">They do not include fair value movements for currency risk hedged with hedging instruments.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i269df894adac4de29deeb391af382e20"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Notifications of acquisitions of investments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notifications of the acquisitions and disposals of holdings in investees made by the Bank in 2025, in compliance with Article 155 of the Spanish Limited Liability Companies Law and Article 105 of Spanish Securities Market Law 24/1998, are listed in appendix IV.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,126</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of Spanish companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,083 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,730 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,540 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of foreign companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,633 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,185 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shares of investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,410 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,587 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,126</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,470</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,886</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 22030000000 16636000000 15057000000 5815000000 4641000000 4068000000 2281000000 2193000000 1761000000 30126000000 23470000000 20886000000 5083000000 3730000000 3540000000 21633000000 17153000000 15185000000 3410000000 2587000000 2161000000 30126000000 23470000000 20886000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Financial assets at fair value through other comprehensive income' were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,941 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions (disposals)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (EIGR)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the RV hedged with micro-hedging transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">They do not include fair value movements for currency risk hedged with hedging instruments.</span></div> 2193000000 1761000000 1941000000 -81000000 -35000000 11000000 245000000 447000000 -162000000 -76000000 20000000 -29000000 2281000000 2193000000 1761000000 Trading derivatives (assets and liabilities) and short positions<div style="margin-bottom:6pt;margin-top:9pt"><span id="i35344bb4d90c409fb6282b9dd2ab5367"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Trading Derivatives</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see note 11):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:15.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.837%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,550 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,728 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,834 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,754 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,480 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,014 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Currency risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,755 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,508 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,834 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Price risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,858 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,279 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,279 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other risks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,192 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,453 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,355</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51,968</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,753</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i4e58aabf0172431e9c1bbe755d92b397"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Short positions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the short positions (liabilities):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Borrowed securities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,938 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,263 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,555 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,347</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,358 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,881 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">429 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short sales</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,387 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,726 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,365 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,710 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,417 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,950 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander US Capital Markets LLC </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,396 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,442 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,015</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by type of inherent risk, of the fair value of the trading derivatives arranged by the Group is as follows (see note 11):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:15.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.837%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debit balance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,550 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,728 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,834 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,754 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,480 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,014 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Currency risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,755 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,508 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,834 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Price risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,858 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,279 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,279 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other risks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,192 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,453 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,355</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51,968</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,753</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 29550000000 23728000000 30834000000 24754000000 31480000000 26014000000 24755000000 20508000000 29395000000 29110000000 22834000000 23094000000 1858000000 2279000000 1765000000 1632000000 1279000000 904000000 2192000000 5453000000 2106000000 2257000000 735000000 577000000 58355000000 51968000000 64100000000 57753000000 56328000000 50589000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the short positions (liabilities):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Borrowed securities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,938 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,263 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: </span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,555 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,347</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,358 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,881 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">429 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Short sales</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,387 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,726 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,365 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,710 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,417 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,950 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander US Capital Markets LLC </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,396 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,442 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,015</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2938000000 2566000000 3263000000 1555000000 1347000000 1383000000 1358000000 1199000000 1881000000 690000000 538000000 546000000 429000000 358000000 312000000 40387000000 32726000000 22365000000 28710000000 23813000000 16143000000 7417000000 5950000000 3462000000 3396000000 2382000000 2442000000 44015000000 35830000000 26174000000 Loans and advances to customers<div style="margin-bottom:6pt;margin-top:9pt"><span id="idc13193aa3f84b11853716a4fc93a088"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Detail</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,766 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,591 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,634 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through<br/>profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,906 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,669 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">985,176 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009,845 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21,158)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,788)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,037,288 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,054,069 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,036,349 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers disregarding impairment losses </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of 'Financial assets at amortized cost'.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 54 shows the Group’s total exposure, by geographical origin of the issuer.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no loans and advances to customers for material amounts without fixed maturity dates.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i21f272f0b48d44ae8d0d3c27c53c96b2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan type and status</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial credit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,110 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,209 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,628 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Secured loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">530,749 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554,375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,980 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,648 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other term loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,998 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,485 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance leases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,540 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,723 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Receivable on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,313 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit cards receivables</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,179 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,928 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,577 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,731 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,894 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467,697 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502,664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">489,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">258,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266,934 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">263,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The Americas</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359,264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which USA</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">135,088 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,951 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,066 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,116 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,102 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate formula</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">694,332 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">678,994 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">647,349 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">364,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397,200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411,788 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023 the Group had granted loans amounting to EUR 18,127 million, EUR 16,562 million and EUR 15,544 million to Spanish public sector agencies which had a rating at 31 December 2025 of A (ratings of A at 31 December 2024 and 31 December 2023), and EUR 16,248 million, EUR 13,593 million, and EUR 11,530 million to the public sector in other countries (at 31 December 2025, the breakdown of this amount by issuer rating was as follows: 3.6% AAA, 26.4% AA, 25.6% A, 27.5% BBB, 16.4% below BBB and 0.5% without rating).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Without considering the public administrations, the amount of the loans and advances at 31 December 2025, 2024 and 2023 amounts to EUR 1,024,071 million, EUR 1,046,039 million and EUR 1,032,063 million, of which, EUR 954,533 million, EUR 1,012,389 million and EUR 998,010 million are classified as performing, respectively.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail, by activity, of the loans to customers at 31 December 2025, net of impairment losses:</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secured loans</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net exposure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Without <br/>collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>property<br/> collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>other<br/> collateral</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 40% and less than or equal<br/>to 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 60% and less than or equal<br/>to 80%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 80% and less than or equal<br/>to 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,607 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,423 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,031 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,959 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,038 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,045 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,306 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,921 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">886 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,522 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">181,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,718 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,793 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose) </span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">542,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338,778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,584 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">332,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">331,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116,264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,858 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104,388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,667 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86,521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,977 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,366 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,456 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,920 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">442 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,015,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">359,542</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">404,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">178,789</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum item</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Refinanced and restructured transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,151 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,546 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,896 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,709 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,347 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,381 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,037 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,457 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,383 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">In addition, the Group has granted advances to customers am</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ounting to EUR 22,090 million, bringing the total of loans and advances to EUR 1,037,288 million.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The ratio is the carrying amount of the transactions at 31 December 2025 provided by the latest available appraisal value of the collateral.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 54 contains information relating to the forborne loan portfolio.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under 'Financial assets at amortised cost' and 'Financial assets at fair value through other comprehensive income' during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">925,413 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,455 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,568 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,043,436 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39,015)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,097)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,764)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(441)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,940)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,436)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54,818)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,369)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,493)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63,680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">905,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,531</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,018,933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">929,133 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,654 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,821 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,039,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers </span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49,316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,517)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,517 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,083)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,083 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,475 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,475)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,358)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(447)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets </span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,616)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(699)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(947)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925,413</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043,436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">942,861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,696 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,617 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43,278)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,636)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,915)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">488 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,673)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,218)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(451)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,524)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">929,133</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,039,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, at 31 December 2025, the Group had EUR 307 million (EUR 515 million at 31 December 2024 and EUR 694 million at 31 December 2023) of exposure in assets purchased with impairment of which EUR 46 million still show signs of additional impairment, which correspond mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic651a9bd4b5642b5b44daca6bcbbd497"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment losses on loans and advances to customers at amortised cost and at fair value through other comprehensive income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amount at beginning of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,125 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses charged to income for the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,144 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,935 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10,791)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9,333)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,803)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-off of impaired balances against recorded impairment allowance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(879)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount at end of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,158</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Which correspond to:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,527 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,631 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,037 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Individually calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Collective calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,799 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,867 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,837 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, provisions for debt securities amounting to EUR 182 million were recorded at 31 December 2025 (provisions amounting to EUR 226 million and EUR 24 million as of 31 December 2024 and 2023, respectively), written-off assets recoveries have been recorded in the year amounting to EUR 1,791 million at 31 December 2025 (EUR 1,600 million and EUR 1,587 million at 31 December 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With this, the impairment recorded in Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes: 'Financial assets at fair value through other comprehensive income' and 'Financial assets at amortised cost (IFRS 9) and, Loans and receivables (IAS 39)'; amounts EUR 12,535 million at 31 December 2025 (EUR 12,136 million and EUR 12,298 million at 31 December 2024 and 2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the loan loss provision broken down by impairment stage of loans and advances to customers during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,744 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,088 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,125 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(701)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,189)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(466)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(384)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(344)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(167)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(800)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(569)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,631</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,596 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,954 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,676 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(385)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,591)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(725)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(616)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(693)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(415)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(156)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(704)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,059)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,293</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loss allowance at the beginning of the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,626 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,931 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(696)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,820)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(905)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(756)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(920)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(157)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes of the exposure and modifications in the credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(557)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,530 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX and other movements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loss allowance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i5bf97dfa6b5245089d7f03e109d9b474"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Impaired assets and assets with unpaid past-due amounts</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,731 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,094 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,888 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,648 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the scope of consolidation</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,536)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(947)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,577</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This amount, after deducting the related allowances, represents the Group’s best estimate of the discounted value of the flows that are expected to be recovered from the impaired assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Group’s written-off assets totalled EUR 51,435 million (EUR 49,939 million and EUR 48,138 million at 31 December 2024 and 2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2025:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:41.801%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross<br/>amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Allowance recognised</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated collateral<br/>value</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without associated real collateral</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,846 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,133 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With real estate collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With other collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,635 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When classifying assets in the previous table, the main factors considered by the Group to determine whether an asset has become impaired are the existence of amounts past due —assets impaired due to arrears— or other circumstances that may arise which will not result in all contractual cash flows being recovered, such as a deterioration of the borrower’s financial situation, the worsening of its capacity to generate funds or difficulties experienced by it in accessing credit.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie08cd25761e748628b937778eed25aae"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">e) Transferred credits</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Loans and advances to customers' includes, inter alia, the securitised loans transferred to third parties on which the Group has retained the risks and rewards, albeit partially, and which therefore, in accordance with the applicable accounting standards, cannot be derecognised. This is mainly due to mortgage loans, loans to companies and consumer loans in which the group retains subordinate financing and/or grants some kind of credit enhancement to new holders.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Securitisation is used as a tool for the management of regulatory capital and as a means of diversifying the Group's liquidity sources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retained on the balance sheet</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,072</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,824</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,738</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securitised mortgage assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,782</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,994</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: UK assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,236</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,034</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,096</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other securitised assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60,432</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,042</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,744</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,072</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Note 22 details the liabilities associated with these securitisation transactions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR 12,174 million (EUR 14,919 million and EUR 13,923 million at 31 December 2024 and 2023, respectively).</span></div></div></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, of Loans and advances to customers in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,766 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,591 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,634 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through<br/>profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,906 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,669 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">985,176 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009,845 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21,158)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22,788)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,037,288 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,054,069 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,036,349 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans and advances to customers disregarding impairment losses </span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 32766000000 26591000000 11634000000 1701000000 1042000000 982000000 4739000000 4610000000 6219000000 12906000000 10784000000 7669000000 985176000000 1011042000000 1009845000000 -21158000000 -22125000000 -22788000000 1037288000000 1054069000000 1036349000000 1058446000000 1076194000000 1059137000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a breakdown of the loans and advances granted to the Group's customers, which reflect the Group's exposure to credit risk in its main activity, without considering the balance of value adjustments for impairment, taking into account the type and situation of the transactions, the geographical area of their residence and the type of interest rate on the transactions:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan type and status</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commercial credit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,110 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,209 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,628 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Secured loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">530,749 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557,463 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554,375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,980 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,648 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other term loans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,998 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295,485 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Finance leases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,540 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,723 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Receivable on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,313 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit cards receivables</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,179 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,928 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,577 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,731 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,894 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467,697 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502,664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">489,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">258,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">266,934 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">263,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The Americas</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">374,739 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359,264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which USA</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">135,088 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">of which Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,951 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,066 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,116 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,102 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate formula</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fixed rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">694,332 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">678,994 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">647,349 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Floating rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">364,114 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397,200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411,788 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058,446</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076,194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,059,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 51110000000 53209000000 55628000000 530749000000 557463000000 554375000000 73980000000 59648000000 44184000000 295998000000 296339000000 295485000000 38540000000 40120000000 38723000000 10313000000 10756000000 12277000000 26179000000 24928000000 24371000000 31577000000 33731000000 34094000000 1058446000000 1076194000000 1059137000000 198894000000 198164000000 203680000000 467697000000 502664000000 489706000000 258739000000 266934000000 263808000000 374739000000 359264000000 350873000000 135088000000 136054000000 126529000000 90951000000 91066000000 100758000000 17116000000 16102000000 14878000000 1058446000000 1076194000000 1059137000000 694332000000 678994000000 647349000000 364114000000 397200000000 411788000000 1058446000000 1076194000000 1059137000000 18127000000 16562000000 15544000000 16248000000 13593000000 11530000000 0.036 0.264 0.256 0.275 0.164 0.005 1024071000000 1046039000000 1032063000000 954533000000 1012389000000 998010000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail, by activity, of the loans to customers at 31 December 2025, net of impairment losses:</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Secured loans</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net exposure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Without <br/>collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>property<br/> collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which<br/>other<br/> collateral</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 40% and less than or equal<br/>to 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 60% and less than or equal<br/>to 80%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More<br/>than 80% and less than or equal<br/>to 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,607 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,423 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,031 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">251 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,959 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,038 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,045 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial corporations and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,306 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,921 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">886 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,522 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">181,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,718 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,793 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose) </span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">542,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338,778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,584 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">332,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">331,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">116,264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97,858 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104,388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,667 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86,521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,977 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,942 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,366 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,456 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,920 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">442 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,015,198</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">359,542</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">404,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">178,789</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum item</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Refinanced and restructured transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,151 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,546 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,896 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,709 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,347 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,381 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,037 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,457 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,383 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">In addition, the Group has granted advances to customers am</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ounting to EUR 22,090 million, bringing the total of loans and advances to EUR 1,037,288 million.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes the net balance of the impairment of the accumulated value or accumulated losses in the fair value due to credit risk.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The ratio is the carrying amount of the transactions at 31 December 2025 provided by the latest available appraisal value of the collateral.</span></div> 29607000000 28423000000 153000000 1031000000 157000000 168000000 251000000 334000000 274000000 124684000000 42687000000 1959000000 80038000000 2045000000 995000000 424000000 77935000000 598000000 318284000000 179529000000 63124000000 75631000000 23917000000 26942000000 19168000000 45306000000 23422000000 17118000000 1294000000 15594000000 230000000 4963000000 6921000000 1890000000 1164000000 886000000 2522000000 1732000000 19000000 771000000 93000000 84000000 39000000 470000000 104000000 181870000000 128502000000 17718000000 35650000000 7177000000 6666000000 6157000000 25459000000 7909000000 116774000000 48001000000 29793000000 38980000000 11684000000 13271000000 11082000000 18213000000 14523000000 542623000000 108903000000 338778000000 94942000000 100584000000 126917000000 113075000000 55214000000 37930000000 332931000000 1149000000 331655000000 127000000 90170000000 116264000000 97858000000 25944000000 1546000000 192576000000 104388000000 1667000000 86521000000 5909000000 8063000000 13297000000 24977000000 35942000000 17116000000 3366000000 5456000000 8294000000 4505000000 2590000000 1920000000 4293000000 442000000 1015198000000 359542000000 404014000000 251642000000 126703000000 155022000000 132918000000 178789000000 62224000000 18151000000 5546000000 6896000000 5709000000 2347000000 2381000000 2037000000 2457000000 3383000000 22090000000 1037288000000 <div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the movement of the gross exposure broken down by impairment stage of loans and advances to customers recognised under 'Financial assets at amortised cost' and 'Financial assets at fair value through other comprehensive income' during 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">925,413 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,455 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,568 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,043,436 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39,015)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,097)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,079)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,764)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(441)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,940)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,436)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54,818)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,369)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,493)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63,680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">905,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,531</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,018,933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">929,133 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,654 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,821 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,039,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers </span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49,316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,517)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,517 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,083)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,083 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,475 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,475)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,358)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(447)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets </span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,616)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(699)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(947)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925,413</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043,436</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:39.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.25pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at the beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">942,861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,696 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,617 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Movements</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(43,278)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 1</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,636)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 3 from stage 2</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,915)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 2</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 2 from stage 3</span></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To stage 1 from stage 3</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">488 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#c3dee7;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net changes on financial assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10,673)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,218)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-offs</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(451)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,524)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">929,133</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,654</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,039,608</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> -925413000000 -84455000000 -33568000000 -1043436000000 39015000000 -39015000000 12097000000 -12097000000 8266000000 -8266000000 -16079000000 16079000000 -1764000000 1764000000 -441000000 441000000 -69819000000 12940000000 4436000000 -52443000000 -13266000000 -13266000000 54818000000 6369000000 2493000000 63680000000 -905822000000 -81580000000 -31531000000 -1018933000000 -929133000000 -76654000000 -33821000000 -1039608000000 49316000000 -49316000000 11517000000 -11517000000 10083000000 -10083000000 -21475000000 21475000000 -2358000000 2358000000 -447000000 447000000 -43281000000 11616000000 4889000000 -26776000000 -13212000000 -13212000000 8090000000 699000000 947000000 9736000000 -925413000000 -84455000000 -33568000000 -1043436000000 -942861000000 -66696000000 -32617000000 -1042174000000 43278000000 -43278000000 12636000000 -12636000000 9915000000 -9915000000 -15180000000 15180000000 -2899000000 2899000000 -488000000 488000000 -29696000000 10673000000 4218000000 -14805000000 -13847000000 -13847000000 3178000000 451000000 -105000000 3524000000 -929133000000 -76654000000 -33821000000 -1039608000000 307000000 515000000 694000000 46000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the impairment losses on the assets making up the balances of financial assets at amortised cost and at fair value through other comprehensive income - Loans and advances - Customers:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amount at beginning of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,125 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses charged to income for the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,144 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses charged to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,935 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment losses reversed with a credit to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10,791)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9,333)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,803)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Write-off of impaired balances against recorded impairment allowance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(879)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount at end of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,158</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,788</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Which correspond to:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impaired assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,527 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,631 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,037 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Individually calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Collective calculated</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,799 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,867 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,837 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> -22125000000 -22788000000 -22684000000 14144000000 13428000000 13805000000 24935000000 22761000000 20608000000 10791000000 9333000000 6803000000 0 0 48000000 -13266000000 -13212000000 -13847000000 1845000000 879000000 -194000000 -21158000000 -22125000000 -22788000000 -13527000000 -14088000000 -14238000000 -7631000000 -8037000000 -8550000000 -2359000000 -2258000000 -2951000000 -18799000000 -19867000000 -19837000000 182000000 226000000 24000000 1791000000 1600000000 1587000000 12535000000 12136000000 12298000000 -3293000000 -4744000000 -14088000000 -22125000000 847000000 -2734000000 -1887000000 701000000 -4931000000 -4230000000 1189000000 -2760000000 -1571000000 -82000000 466000000 384000000 -177000000 344000000 167000000 -16000000 59000000 43000000 -1269000000 800000000 -6581000000 -7050000000 -13266000000 -13266000000 112000000 569000000 1164000000 1845000000 -3000000000 -4631000000 -13527000000 -21158000000 -3596000000 -4954000000 -14238000000 -22788000000 626000000 -2676000000 -2050000000 385000000 -4548000000 -4163000000 1591000000 -3444000000 -1853000000 -109000000 725000000 616000000 -278000000 693000000 415000000 -23000000 156000000 133000000 -755000000 704000000 -6655000000 -6706000000 -13212000000 -13212000000 179000000 144000000 736000000 1059000000 -3293000000 -4744000000 -14088000000 -22125000000 -3626000000 -5127000000 -13931000000 -22684000000 696000000 -2954000000 -2258000000 405000000 -4278000000 -3873000000 1820000000 -3721000000 -1901000000 -149000000 905000000 756000000 -282000000 920000000 638000000 -27000000 184000000 157000000 -875000000 557000000 -7212000000 -7530000000 -13847000000 -13847000000 -20000000 127000000 -47000000 60000000 -3596000000 -4954000000 -14238000000 -22788000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the changes in the balance of the financial assets classified as 'Financial assets Loans to customers' considered to be impaired due to credit risk is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,731 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,094 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,888 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net additions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,648 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,266)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the scope of consolidation</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,536)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(947)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,577</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 33731000000 34094000000 32888000000 13648000000 13779000000 14944000000 13266000000 13212000000 13847000000 0 17000000 -59000000 -2536000000 -947000000 168000000 31577000000 33731000000 34094000000 51435000000 49939000000 48138000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below for each class of impaired asset are the gross amount, associated allowances and information relating to the collateral and/or other credit enhancements obtained at 31 December 2025:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:41.801%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross<br/>amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Allowance recognised</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated collateral<br/>value</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without associated real collateral</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,846 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,133 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With real estate collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With other collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,635 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Including the estimated value of the collateral associated with each loan. Accordingly, any other cash flows that may be obtained, such as those arising from borrowers’ personal guarantees, are not included.</span></div> 13846000000 -8133000000 0 7777000000 -1759000000 5657000000 9954000000 -3635000000 5424000000 31577000000 -13527000000 11081000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of securitized loans held on the balance sheet, according to the nature of the financial instrument in which they are originated, is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Retained on the balance sheet</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,072</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,824</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,738</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securitised mortgage assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,782</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,994</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: UK assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,236</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,034</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,096</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other securitised assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60,432</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,042</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,744</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,072</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">80,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Note 22 details the liabilities associated with these securitisation transactions.</span></div> 80072000000 80824000000 75738000000 19640000000 17782000000 16994000000 10236000000 9034000000 6096000000 60432000000 63042000000 58744000000 80072000000 80824000000 75738000000 12174000000 14919000000 13923000000 Trading derivatives<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:36.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Trading derivatives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Forward rate agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,995,070 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,992,413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">829,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,166,278 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,324 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,127,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,381,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,514 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options, futures and other derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">470,659 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(472)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">377,285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(297)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">398,519 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit default swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,924 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,135)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency purchases and sales</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611,850 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,282 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">514,268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">471,955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency options</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160,421 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">528 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,934 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Currency swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">682,350 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,526 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(838)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(581)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities and commodities derivatives and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,588 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(547)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,250,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,978,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,837,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:36.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Notional amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Market<br/>value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Trading derivatives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Forward rate agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,995,070 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,992,413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">829,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,166,278 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,324 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,127,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,381,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,514 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options, futures and other derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">470,659 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(472)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">377,285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(297)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">398,519 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit default swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,924 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,135)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency risk</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency purchases and sales</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611,850 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,282 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">514,268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">471,955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign currency options</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160,421 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">528 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,934 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Currency swaps</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">682,350 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,526 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(838)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(581)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities and commodities derivatives and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,588 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(547)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,250,140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,978,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,837,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1995070000000 -32000000 1992413000000 13000000 829913000000 3000000 6166278000000 6324000000 6127812000000 6364000000 5381966000000 5514000000 470659000000 -472000000 377285000000 -297000000 398519000000 -51000000 64924000000 -3135000000 41111000000 -572000000 22462000000 -86000000 611850000000 1282000000 514268000000 595000000 471955000000 33000000 160421000000 441000000 221159000000 528000000 77934000000 288000000 682350000000 2526000000 625765000000 -838000000 586405000000 -581000000 98588000000 -547000000 78328000000 554000000 68664000000 619000000 10250140000000 6387000000 9978141000000 6347000000 7837818000000 5739000000 Non-current assets held for sale and liabilities associated with non-current assets held for sale<div style="margin-bottom:6pt;margin-top:9pt"><span id="i58dfd1bfc42e43099cb305d5b0a4bff6"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,850</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,851</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,991</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,487 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,621 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,773 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which property assets in Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,705 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,896 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other tangible assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">363 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,148</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">      Caceis (Note 3)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,137 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">      Santander Bank Polska S.A. (Note 3) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total non-current assets held for sale</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A. (Note 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,995 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Liabilities associated with non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,995</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the provisions recognised for the total non current assets held for sale totalled EUR 2,357 million (EUR 2,606 million and EUR 2,956 million at 31 December 2024 and 2023, respectively). The charges recorded in those years amounted to EUR 131 million, EUR 163 million and EUR 139 million, respectively, and the recoveries during these exercises are amounted to EUR 59 million, EUR 71 million and EUR 88 million, respectively.</span></div><div style="margin-bottom:6pt;margin-top:9pt;text-indent:-0.01pt"><span id="ic4736ac6345b47268d4edadaef811743"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Assets and liabilities from entities held for sale</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is the consolidated balance sheet and consolidated summary cash flow statements for the Polish business held for sale:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,515</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,956</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,173</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,642</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,224</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,303</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,148</span></td></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">842 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortised cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">603 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">511 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,995</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(590)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(522)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(164)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated statements of cash flows</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A) Cash flows from operating activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,405</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,705</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">B) Cash flows from investing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(98)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">C) Cash flows from financing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,301)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,194)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(591)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">D) Effect of foreign exchange rate differences</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E) Net increase/(decrease) in cash and cash equivalents</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">442</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(187)</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the written-off assets totalled EUR 2,339 million from the Polish business held for sale.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consistent with the Group´s management model, the amounts related to the business held for sale in Poland are primarily reported within the Retail &amp; Commercial Banking segment for primary segment information purposes. Additionally, a separate breakdown for the Poland geography is presented as a secondary segment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, see the consolidated summary profit and loss accounts for the business for sale in Poland in Note 37.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Non-current assets held for sale in the consolidated balance sheets is as follows: </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,850</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,851</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,991</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,487 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,621 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,773 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which property assets in Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,705 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,896 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other tangible assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">363 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,148</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">      Caceis (Note 3)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,137 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">      Santander Bank Polska S.A. (Note 3) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total non-current assets held for sale</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,011</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,014</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A. (Note 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,995 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Liabilities associated with non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,995</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2850000000 2851000000 2991000000 2487000000 2621000000 2773000000 1705000000 1896000000 2138000000 363000000 230000000 218000000 72148000000 1137000000 0 0 1137000000 0 72148000000 0 0 13000000 14000000 23000000 75011000000 4002000000 3014000000 62995000000 0 0 62995000000 0 0 2357000000 2606000000 2956000000 131000000 163000000 139000000 59000000 71000000 88000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is the consolidated balance sheet and consolidated summary cash flow statements for the Polish business held for sale:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,515</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,956</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,173</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortised cost</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,642</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,224</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-right:1pt solid #ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,303</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-right:1pt solid #ffffff;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,148</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated balance sheet</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">842 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortised cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">603 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,335 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">511 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,995</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(590)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(522)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(164)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges (effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-bottom:0.25pt solid #9c9c9c;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated statements of cash flows</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A) Cash flows from operating activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,405</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,705</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">B) Cash flows from investing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(98)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">C) Cash flows from financing activities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,301)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,194)</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(591)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">D) Effect of foreign exchange rate differences</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27</span></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">E) Net increase/(decrease) in cash and cash equivalents</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">442</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(187)</span></td></tr></table></div> 2515000000 1956000000 8173000000 55642000000 1335000000 1224000000 1303000000 72148000000 842000000 59704000000 603000000 1335000000 511000000 62995000000 56000000 0 56000000 -590000000 -522000000 -164000000 98000000 8000000 -10000000 1405000000 1705000000 352000000 -98000000 -96000000 -91000000 -1301000000 -1194000000 -591000000 20000000 27000000 143000000 26000000 442000000 -187000000 2339000000 Investments<div style="margin-bottom:6pt;margin-top:9pt"><span id="i35a5cf5f5f994bbab84c4c837e8f2795"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Investments is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.322%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associated entities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,096</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,682</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,803 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,621 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Zurich Santander Insurance<br/>America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">748 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Caceis (Notes 3 and 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">884 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Joint Ventures entities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,956</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">329 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">293 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fortune Auto Finance Co., Ltd</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Volvo Car Financial Services UK Limited</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Associated entities and Joint ventures</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,052</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of 20% of Pluxee Beneficios Brasil S.A. and capital increase of Merlin Properties, SOCIMI, S.A., both carried out in 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the entities included above, at 31 December 2025, the entities Merlin Properties, SOCIMI, S.A, and Metrovacesa, S.A. and Compañía Española de Viviendas en Alquiler, S.A., are the only listed companies.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Goodwill</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,096</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis (Notes 3 and 12)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of 20% of Pluxee Beneficios Brasil S.A. in 2024. </span></div><div style="margin-bottom:6pt"><span id="i300d1f8c1222493f838ae7e70a7bda3a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the investments were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,277 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,646 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,615 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisitions (disposals) of companies and capital increases (reductions)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the consolidation method (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Entities for sale (Notes 3 y 12)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(168)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,137)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of equity accounting</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends distributed and reimbursements of share premium</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(694)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(745)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(565)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidado</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(206)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(50)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(57)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CIP S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(56)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(114)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other global result</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,052</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the acquisition of 20% of Pluxee Beneficios Brasil S.A. and the capital increase of Merlin Properties, SOCIMI, S.A carried out in 2024.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Stakes of Santander Bank Polska S.A. and Caceis (Notes 3 and 12).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4890dc3a7a0c4deb80f4a565b7ac12b2"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Impairment adjustments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During the years 2025, 2024 and 2023 there was no evidence of significant impairment in the Group's associated interests.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i2021c0825cd242d181220682c55850f0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Other information</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">A summary of the financial information at the end of December 2025 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:17.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.573%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="36" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Associates</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Metrovacesa, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Pluxee Beneficios Brasil S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">CNP Santander</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Caceis Latam Holding, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Fortune Auto Finance Co., LTD</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Banco RCI Brasil S.A.</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Current assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,025 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">689 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,434 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non current assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,876 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,414</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,341</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Current liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">315 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,930 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,685 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">140 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non current liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,726 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">21,678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Attributable profit for the period</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other accumulated comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Rest of equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total Equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">628</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">522</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total liabilities and equity</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,414</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,341</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Ordinary activities income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">544 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">658 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">457 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,559 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">568 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">163 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">499 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">426 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">159 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">907 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">312 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (loss) from continuing operations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (loss) for the year from discontinuing operations</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Data as of 31 December 2024, latest accounts available.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Investments is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:64.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.322%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associated entities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,096</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,682</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,803 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,621 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Zurich Santander Insurance<br/>America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">748 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">295 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Caceis (Notes 3 and 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">884 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Joint Ventures entities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,956</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Caceis Latam Holding 1, S.L. - Consolidated (previously Santander Securities Services Latam Holding, S.L)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">329 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">293 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">349 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fortune Auto Finance Co., Ltd</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Volvo Car Financial Services UK Limited</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco RCI Brasil S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Associated entities and Joint ventures</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,052</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Acquisition of 20% of Pluxee Beneficios Brasil S.A. and capital increase of Merlin Properties, SOCIMI, S.A., both carried out in 2024.</span></div> 5096000000 5216000000 5682000000 1830000000 1803000000 1621000000 940000000 884000000 936000000 748000000 841000000 899000000 399000000 397000000 423000000 295000000 309000000 0 0 0 1139000000 884000000 982000000 664000000 1956000000 2061000000 1964000000 404000000 381000000 389000000 329000000 356000000 362000000 293000000 325000000 349000000 232000000 261000000 254000000 270000000 249000000 205000000 116000000 99000000 76000000 77000000 94000000 92000000 235000000 296000000 237000000 7052000000 7277000000 7646000000 0.20 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of the Goodwill of the main investments in joint ventures and associates included in the balance of this heading:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Goodwill</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,096</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,238</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance America, S.L. - Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pluxee Beneficios Brasil S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis (Notes 3 and 12)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">337 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span>Acquisition of 20% of Pluxee Beneficios Brasil S.A. in 2024. 1096000000 1238000000 1460000000 526000000 526000000 526000000 71000000 122000000 0 0 0 337000000 0.20 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the investments were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,277 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,646 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,615 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisitions (disposals) of companies and capital increases (reductions)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the consolidation method (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Entities for sale (Notes 3 y 12)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(168)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,137)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of equity accounting</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">665 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends distributed and reimbursements of share premium</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(694)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(745)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(565)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidado</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(206)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Metrovacesa, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(50)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Merlin Properties, SOCIMI, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(57)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CNP Santander</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">CIP S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(56)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Caceis</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(114)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other global result</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other changes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,052</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the acquisition of 20% of Pluxee Beneficios Brasil S.A. and the capital increase of Merlin Properties, SOCIMI, S.A carried out in 2024.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Stakes of Santander Bank Polska S.A. and Caceis (Notes 3 and 12).</span></div> 7277000000 7646000000 7615000000 -17000000 1011000000 52000000 15000000 -13000000 -43000000 168000000 1137000000 0 665000000 687000000 591000000 694000000 745000000 565000000 206000000 202000000 202000000 118000000 52000000 50000000 87000000 82000000 52000000 57000000 53000000 51000000 54000000 88000000 51000000 16000000 56000000 0 0 114000000 0 0 0 58000000 -28000000 32000000 24000000 -54000000 -140000000 20000000 7052000000 7277000000 7646000000 0.20 <div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:110%">A summary of the financial information at the end of December 2025 of the main associates and joint ventures (obtained from the information available at the date of preparation of the consolidated financial statements) is shown below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:17.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.573%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="36" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Associates</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Joint ventures</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Merlin Properties, SOCIMI, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Metrovacesa, S.A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:3.9pt;font-weight:700;line-height:105%;position:relative;top:-2.1pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Pluxee Beneficios Brasil S.A.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Zurich Santander Insurance América, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">CNP Santander</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Caceis Latam Holding, S.L. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">U.C.I., S.A. - Consolidated</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Hyundai Capital UK Limited</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Fortune Auto Finance Co., LTD</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Santander Vida Seguros y Reaseguros, S.A.- Consolidated (note 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6pt;font-weight:700;line-height:105%">Banco RCI Brasil S.A.</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Current assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,025 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">689 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,434 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non current assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8,876 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,414</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,341</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Current liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">315 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,930 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,685 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">140 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non current liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,726 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">21,678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Attributable profit for the period</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other accumulated comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Rest of equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total Equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">509</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">628</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">522</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total liabilities and equity</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">13,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,414</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,341</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">22,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,867</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Ordinary activities income</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">544 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">658 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">457 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,559 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">568 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">163 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">499 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">426 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">159 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">907 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">312 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (loss) from continuing operations</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Profit (loss) for the year from discontinuing operations</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Data as of 31 December 2024, latest accounts available.</span></div> 1701000000 2025000000 689000000 2434000000 165000000 201000000 397000000 2022000000 167000000 157000000 10000000 11758000000 389000000 652000000 20190000000 2139000000 579000000 8876000000 3665000000 1933000000 1710000000 2221000000 13459000000 2414000000 1341000000 22624000000 2304000000 780000000 9273000000 5687000000 2100000000 1867000000 2231000000 840000000 507000000 254000000 657000000 186000000 315000000 6930000000 3685000000 10000000 140000000 112000000 5118000000 310000000 578000000 21021000000 1726000000 35000000 1715000000 1480000000 1627000000 1243000000 1924000000 5958000000 817000000 832000000 21678000000 1912000000 350000000 8645000000 5165000000 1637000000 1383000000 2036000000 284000000 16000000 87000000 534000000 101000000 97000000 -75000000 77000000 20000000 145000000 54000000 -11000000 0 0 -33000000 -9000000 0 114000000 -1000000 0 -21000000 4000000 7228000000 1581000000 422000000 445000000 300000000 333000000 589000000 446000000 443000000 360000000 137000000 7501000000 1597000000 509000000 946000000 392000000 430000000 628000000 522000000 463000000 484000000 195000000 13459000000 2414000000 1341000000 22624000000 2304000000 780000000 9273000000 5687000000 2100000000 1867000000 2231000000 544000000 658000000 457000000 4559000000 568000000 163000000 499000000 426000000 159000000 907000000 312000000 284000000 16000000 87000000 534000000 101000000 97000000 -75000000 77000000 20000000 145000000 54000000 0 0 0 0 0 0 0 0 0 0 0 Insurance contracts linked to pensions <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.622%"><tr><td style="width:1.0%"></td><td style="width:52.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.360%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.360%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.362%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets relating to insurance contracts covering post-employment benefit plan obligations:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Insurance contracts linked to pensions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.622%"><tr><td style="width:1.0%"></td><td style="width:52.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.360%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.360%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.362%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets relating to insurance contracts covering post-employment benefit plan obligations:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 67000000 81000000 93000000 67000000 81000000 93000000 Liabilities under insurance contracts<div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.i) is as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.162%"><tr><td style="width:1.0%"></td><td style="width:41.294%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.436%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,737</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,829</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for Remaining Coverage (LRC)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,291 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,377 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,333 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities relating to insurance contracts measured under BBA/VFA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,194 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,262 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current value of future cashflows (PVFCF)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,461 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Risk adjustment for non-financial risk (RA)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Contractual service margin (CSM)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">547 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities relating to insurance contracts measured under PAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for incurred claims (LIC)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">446 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">452 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of liabilities under insurance contracts reflected in the consolidated balance sheet includes the following elements:</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liability for Remaining Coverage (LRC): amount of obligations provisioned to meet the fulfilment of future services assigned to the group on a date for a specific coverage period.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">Liabilities relating to insurance contracts measured under BBA/VFA, formed from the sum of the following elements:</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Current value of future cashflows (PVFCF): present value of future inflow and outflow cash flows weighted by their probability of occurrence.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Risk adjustment for non-financial risk (RA): reflects compensation for the uncertainty of cash flows by quantifying the amount necessary to compensate for unexpected losses in liability flows.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:21.26pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">-</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.9pt">Contractual service margin (CSM): future benefit to be recognized during the coverage period. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">Liabilities relating to insurance contracts measured under PAA, valued using the premium allocation method, represent the portion of premiums written for the remaining hedge net of acquisition expenses.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liability for Incurred Claims (LIC): amount of obligations provisioned to meet the fulfilment of past services assigned to the group on a date. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The insurance activity is carried out mainly in the life insurance sector in its life-savings modality. Within the amount of liabilities for insurance contracts, Individual Life Annuities are the product that has the greatest weight in the consolidated balance sheet. This product consists of life annuities where the client contributes a single premium and receives a constant and periodic insured income (monthly, quarterly, semi-annual or annual) until his death where, at that time, the beneficiaries will receive the insured capital of 102% or 101% of the premium contributed. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The income and expenses recorded in the profit and loss account for the insurance activity, including reinsurance income and expenses, are not material in the Group's consolidated annual accounts.</span></div></div> <div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Liabilities under insurance contracts and reinsurance assets in the consolidated balance sheets (see note 2.i) is as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.162%"><tr><td style="width:1.0%"></td><td style="width:41.294%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.288%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.582%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.436%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,737</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,829</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for Remaining Coverage (LRC)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,291 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,377 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,333 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities relating to insurance contracts measured under BBA/VFA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,194 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,262 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current value of future cashflows (PVFCF)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,461 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Risk adjustment for non-financial risk (RA)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Contractual service margin (CSM)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">547 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities relating to insurance contracts measured under PAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liability for incurred claims (LIC)</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">446 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">452 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 18737000000 17829000000 17799000000 18291000000 17377000000 17333000000 18194000000 17292000000 17262000000 17461000000 16614000000 16627000000 186000000 199000000 211000000 547000000 479000000 424000000 97000000 85000000 71000000 446000000 452000000 466000000 1.02 1.01 Tangible assets<div style="margin-bottom:6pt;padding-right:263.62pt"><span id="i0340b9d2788b4c1899c6ed0bceebd85f"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Changes</span></div><div style="padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tangible assets in the consolidated balance sheets were as follows:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.587%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.973%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 1 January 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,570 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,166 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,316 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">742 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(641)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,071)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,192)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,164)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,716)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,345)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,399</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,781</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,781</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,603)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,335)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,743)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,400)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated depreciation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,892)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,578)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(172)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,642)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,265)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,265)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,540 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,824 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,689)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,700)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(580)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(580)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,744)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> Balance at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,782)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(199)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(18,618)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,886 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,544)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,553)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,902)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,966)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,619)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(162)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17,565)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,814)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,814)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,323)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,917)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(799)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,129)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,273)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(202)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16,604)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,661)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,661)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes contract extensions on operating leases and repurchases.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.825%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(189)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(379)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(601)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(421)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(623)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(427)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(401)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(39)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(418)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(858)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(172)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(368)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(744)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets, net</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,408 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,518 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,882 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,087 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2025</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,753</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="ie70e308cec65483b850a98316c6d2a29"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Tangible assets - For own use</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:48.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets for own use</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>for leasing</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated<br/>depreciation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment<br/>losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying<br/>amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,973 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,010)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,809 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,424)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,516)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(353)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,283 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,926)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,619)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(401)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,636</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,359)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,404 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,536 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,746)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,129)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The carrying amount at 31 December 2025 in the foregoing table includes the following approximate amounts EUR 6,545 million (EUR 6,531 million at 31 December 2024 and EUR 7,119 million at 31 December 2023) relating to property, plant and equipment owned by group entities and branches located abroad.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ie44cf85f37334d84a1cbcb2c9720d4fa"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Tangible assets - Leased out under an operating lease</span></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has assets leased out under operating leases where the company is the lessor and do not meet the accounting requirements to be classified as finance leases. The net cost of these leases is recorded as an asset and depreciated on a straight-line basis over the contractual term of the lease to the expected residual value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expected residual value and, consequently, the monthly depreciation expense may change during the term of the lease. The Group estimates expected residual values using independent data sources and internal statistical models. It also assesses the estimate of the residual value of these leases and adjusts the depreciation rate in line with the change in the expected value of the asset at the end of the lease.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander periodically assesses its investment in operating leases for impairment in certain circumstances, such as a systemic and material decrease in the values of used vehicles. If assets leased out under operating leases are deemed to be impaired, impairment is measured as the amount by which the carrying amount of the assets exceeds the fair value as estimated by discounted cash flows.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the 14,753 EUR million that the Group had assigned to operating leases at 31 December 2025 (18,576 EUR and 19,518 EUR at 31 December 2024 and 2023, respectively), EUR 7,227 million (EUR 11,336 and EUR 12,525 at 31 December 2024 and 2023, respectively) relate to vehicles of Santander US Auto's business. The variable lease payments of various items of this business are not significant.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,988 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ib69bf162a10d4e59976880d4d60982d1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Tangible assets - Investment property</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of investment property at 31 December 2025, 2024, 2023 amounted to EUR 1,194, 1,041 and 1,163 million, respectively. A comparison of the fair value of investment property at 31 December 2025, 2024 and 2023 with the net book value shows gross unrealised gains of EUR 172, 166 and 207 million, respectively, attributed completely to the group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The rental income earned from investment property and the direct costs related both to investment properties that generated rental income in 2025, 2024 and 2023 and to investment properties that did not generate rental income in those years are not material in the context of the consolidated financial statements.</span></div></div></div> <div style="padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tangible assets in the consolidated balance sheets were as follows:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.587%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.178%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.969%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.973%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 1 January 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,570 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,166 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,316 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">742 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(641)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,071)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,123</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,192)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,164)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,716)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,345)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,399</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,781</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,781</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net) due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions / disposals (net)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,603)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,335)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,845)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,743)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,400)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated depreciation</span></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,892)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,578)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(172)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,642)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,265)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,265)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,540 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,824 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,689)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,700)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(580)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(580)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,744)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> Balance at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,782)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(199)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(18,618)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,609)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,886 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,544)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,553)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,902)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,966)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,619)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(162)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17,565)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,814)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,814)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,323)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfers, exchange differences and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,917)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(799)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,129)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,273)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(202)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16,604)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,661)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,661)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes contract extensions on operating leases and repurchases.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.620%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.767%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.736%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.825%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>For leasing</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">For own use</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leased out under<br/>an operating<br/>lease</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Investment<br/>property</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at 1 January 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(189)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(379)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(601)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(421)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(623)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(427)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(401)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(39)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(418)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(858)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment charge for the year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(172)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Releases</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals due to change in the scope of consolidation</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(368)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(744)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(74)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets, net</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2023</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,408 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,518 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,882 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,183 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balances at 31 December 2024</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,087 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at 31 December 2025</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,753</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 26570000000 25166000000 1580000000 53316000000 4692000000 0 0 4692000000 11000000 37000000 0 48000000 -13000000 0 0 -13000000 1122000000 742000000 -34000000 1830000000 125000000 0 0 125000000 -1460000000 -641000000 30000000 -2071000000 33000000 0 0 33000000 26243000000 25304000000 1576000000 53123000000 4837000000 0 0 4837000000 28000000 -1192000000 0 -1164000000 0 0 0 0 730000000 -1716000000 -17000000 -1003000000 179000000 0 0 179000000 -1345000000 1003000000 -104000000 -446000000 -235000000 0 0 -235000000 25656000000 23399000000 1455000000 50510000000 4781000000 0 0 4781000000 4000000 0 7000000 11000000 0 0 0 0 326000000 -2603000000 -58000000 -2335000000 -40000000 0 0 -40000000 -1845000000 -1743000000 188000000 -3400000000 -450000000 0 0 -450000000 24141000000 19053000000 1592000000 44786000000 4291000000 0 0 4291000000 -12892000000 -5578000000 -172000000 -18642000000 -2265000000 0 0 -2265000000 7000000 0 0 7000000 7000000 0 0 7000000 284000000 2540000000 0 2824000000 160000000 0 0 160000000 1689000000 0 11000000 1700000000 580000000 0 0 580000000 1653000000 -2744000000 -16000000 -1107000000 69000000 0 0 69000000 -12637000000 -5782000000 -199000000 -18618000000 -2609000000 0 0 -2609000000 0 686000000 0 686000000 0 0 0 0 672000000 3214000000 0 3886000000 196000000 0 0 196000000 1544000000 0 9000000 1553000000 460000000 0 0 460000000 890000000 -2902000000 46000000 -1966000000 59000000 0 0 59000000 -12619000000 -4784000000 -162000000 -17565000000 -2814000000 0 0 -2814000000 0 0 0 0 0 0 0 0 663000000 2428000000 0 3091000000 177000000 0 0 177000000 1323000000 0 8000000 1331000000 405000000 0 405000000 1150000000 -1917000000 -32000000 -799000000 381000000 0 0 381000000 -12129000000 -4273000000 -202000000 -16604000000 -2661000000 0 0 -2661000000 -189000000 -33000000 -379000000 -601000000 -14000000 0 0 -14000000 113000000 29000000 12000000 154000000 38000000 0 0 38000000 4000000 11000000 4000000 19000000 3000000 0 0 3000000 0 0 0 0 0 0 0 0 36000000 0 4000000 40000000 5000000 5000000 64000000 47000000 -38000000 73000000 -1000000 0 0 -1000000 -198000000 -4000000 -421000000 -623000000 -45000000 0 0 -45000000 276000000 70000000 81000000 427000000 31000000 0 0 31000000 34000000 3000000 8000000 45000000 10000000 0 0 10000000 0 0 0 0 0 0 0 0 53000000 0 0 53000000 19000000 0 0 19000000 -14000000 32000000 76000000 94000000 -2000000 0 0 -2000000 -401000000 -39000000 -418000000 -858000000 -49000000 0 0 -49000000 172000000 79000000 15000000 266000000 41000000 0 0 41000000 41000000 71000000 25000000 137000000 1000000 0 0 1000000 0 0 0 0 0 0 0 0 17000000 17000000 0 34000000 6000000 0 0 6000000 166000000 3000000 40000000 209000000 9000000 0 0 9000000 -349000000 -27000000 -368000000 -744000000 -74000000 0 0 -74000000 13408000000 19518000000 956000000 33882000000 2183000000 0 0 2183000000 12636000000 18576000000 875000000 32087000000 1918000000 0 0 1918000000 11663000000 14753000000 1022000000 27438000000 1556000000 0 0 1556000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by class of asset, of 'Property, plant and equipment' which is owned by the Group in the consolidated balance sheets is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:48.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tangible assets for own use</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: <br/>for leasing</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Accumulated<br/>depreciation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Impairment<br/>losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying<br/>amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,973 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,010)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,809 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,424)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,988 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,637)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,516)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(353)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,283 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,926)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,619)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(401)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,636</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Land and buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,359)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,404 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,536 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">IT equipment and fixtures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Furniture and vehicles</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,746)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Construction in progress and other items</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(12,129)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 14973000000 -5010000000 -154000000 9809000000 2104000000 5614000000 -4154000000 0 1460000000 60000000 5412000000 -3424000000 0 1988000000 19000000 244000000 -49000000 -44000000 151000000 0 26243000000 -12637000000 -198000000 13408000000 2183000000 15113000000 -5516000000 -353000000 9244000000 1882000000 5283000000 -3926000000 0 1357000000 23000000 4963000000 -3130000000 0 1833000000 13000000 297000000 -47000000 -48000000 202000000 0 25656000000 -12619000000 -401000000 12636000000 1918000000 14067000000 -5359000000 -304000000 8404000000 1536000000 4204000000 -3003000000 -10000000 1191000000 13000000 5548000000 -3746000000 -1000000 1801000000 7000000 322000000 -21000000 -34000000 267000000 0 24141000000 -12129000000 -349000000 11663000000 1556000000 6545000000 6531000000 7119000000 14753000000 18576000000 19518000000 7227000000 11336000000 12525000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the maturity analysis of the assets leased out under operating leases from Santander US Auto, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:84.393%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,988 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 3988000000 4228000000 1332000000 330000000 1194000000 1041000000 1163000000 172000000 166000000 207000000 Intangible assets – Goodwill<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,031 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,079 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,679 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander España</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">943 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">765 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">609 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">470 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">516 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Financiero Santander (México)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Nordics</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Goodwill</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,958</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in goodwill were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.690%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,438 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,017 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,741 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer to Assets held for sale (Notes 3 y 12)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,176)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(291)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(605)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,958</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has goodwill generated by cash-generating units located in non-euro currency countries (mainly Brazil, Poland, the United States, the United Kingdom, Chile, Mexico, Norway and Sweden) and, therefore, this gives rise to exchange differences on the translation to euros, at closing rates, of the amounts of goodwill denominated in foreign currencies. Accordingly, in 2025 there was a decrease of EUR 291 million (a decrease of EUR 605 million in 2024 and an increase of EUR 240 million in 2023), due to exchange differences and other items which, pursuant to current standards, were recognised with a change to 'Other comprehensive income - Items that may be reclassified to profit or loss - Exchange differences in other comprehensive income in the consolidated statement of recognised income and expense' (see note 29.d).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At least once per year (or whenever there is any indication of impairment), Grupo Santander performs an analysis of the potential impairment of its recorded goodwill with respect to its recoverable amount. The first step that must be taken in order to perform this analysis is the identification of the cash-generating units, which are the Group's smallest identifiable groups of assets that generate cash inflows that are largely independent of the cash flows of other assets or groups of assets.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount to be recovered of each cash-generating unit is determined taking into consideration the carrying amount (including any fair value adjustment arising on the business combination) of all the assets and liabilities of all the independent legal entities composing the cash-generating unit, together with the related goodwill.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount to be recovered of the cash-generating unit is compared with its recoverable amount in order to determine whether there is any impairment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assesses the existence of any indication that might be considered to be evidence of impairment of the cash-generating unit by reviewing information including the following (i) certain macroeconomic variables that might affect its investments (population data, political situation, economic situation —including banking concentration level—, among others) and (ii) various microeconomic variables comparing the investments of the Group with the financial services industry of the country in which the cash-generating unit carries on most of its business activities (balance sheet composition, total funds under management, results, efficiency ratio, capital adequacy ratio, return on equity, among others).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regardless of whether there is any indication of impairment, every year the Group calculates the recoverable amount of each cash-generating unit to which goodwill, has been allocated and, to this end, it uses price quotations, market references (multiples), internal estimates and valuations performed by internal and external experts.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Firstly, the Group determines the recoverable amount by calculating the fair value of each cash-generating unit on the basis of the quoted price of the cash-generating units, if available.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group performs estimates of the recoverable amounts of certain cash-generating units by calculating their value in use using discounted cash flow projections. The main assumptions used in this calculation are (i) earnings projections based on the financial budgets approved by the Group’s directors which cover between <span style="-sec-ix-hidden:f-4539">three</span> and five year periods (unless a longer time horizon can be justified), (ii) discount rates determined as the cost of capital taking into account the risk-free rate of return plus a risk premium in line with the market and the business in which the units operate and (iii) constant growth rates used in order to extrapolate earnings in perpetuity which do not exceed the long-term average growth rate for the market in which the cash-generating unit in question operates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash flow projections used by Group management to obtain the values in use are based on the financial budgets approved by both local management of the related local units and the Group’s directors. The Group’s budgetary estimation process is common for all the cash-generating units. The local management teams prepare their budgets using the following key assumptions:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)    Microeconomic variables of the cash-generating unit: management takes into consideration the current balance sheet structure, the product mix and the business decisions taken by local management in this regard.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)    Macroeconomic variables: growth is estimated on the basis of the changing environment, taking into consideration expected GDP growth in the unit’s geographical location and forecast trends in interest and exchange rates. These data, which are based on external information sources, are provided by the Group’s economic research service.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">c)    Past performance variables: in addition, management takes into consideration in the projection the difference (both positive and negative) between the cash-generating unit’s past performance and budgets.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group has recognised impairment losses of EUR 4 million of immaterial goodwill that has been recorded under the heading 'Impairment or reversal of the impairment of non-financial assets - Intangible assets' (EUR 4 million and EUR 20 million in 2024 and 2023, respectively). Goodwill is deducted from CET1 for regulatory purposes, so an impairment of goodwill has no impact on the Group's capital ratios.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2025 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method:</span></div></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Projected period</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount and nominal perpetual growth rates taken into account in 2024 and 2023 are presented below for comparison purposes:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.9</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variations reflected in the assumptions used in 2025 are mainly a consequence of the current macroeconomic scenario, as well as the level of inflation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Given the degree of uncertainty of the above key assumptions on which the recoverable amount of the cash-generating units is based, the Group performs a sensitivity analysis which consisted of adjusting +/- 50 basis points the discount rate, adjusting +/- 50 basis points the growth rate in perpetuity and reducing the cash flow projections by 5%. These changes in the key assumptions in isolation mean that the recoverable amount of all the cash-generating units continues to exceed their amount to be recovered and have been considered by the Group as reasonably possible changes in the business operations of the cash-generating units are not contemplated.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The recoverable amount of Banco Santander - Chile and Banco Santander (Brasil) was calculated as the fair values of the aforementioned cash-generating units obtained from the quoted market prices of their shares at year-end. This value exceeded the amount to be recovered. A significant reduction in the quoted market prices of these cash generating unit could result in an indication of impairment which in turn may lead to a goodwill impairment charge in the future.</span></div></div></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of goodwill, based on the cash-generating units giving rise thereto, is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,031 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,079 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,679 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings Limited</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander España</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">998 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">943 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">765 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">609 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">470 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">516 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Financiero Santander (México)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Nordics</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Goodwill</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,958</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 3031000000 3079000000 3679000000 1444000000 1444000000 1444000000 1304000000 1304000000 1304000000 1040000000 1040000000 1040000000 998000000 998000000 998000000 943000000 1068000000 1003000000 765000000 865000000 814000000 609000000 641000000 612000000 470000000 482000000 516000000 463000000 453000000 523000000 326000000 340000000 350000000 211000000 211000000 206000000 0 1178000000 1159000000 354000000 335000000 369000000 11958000000 13438000000 14017000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in goodwill were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.690%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,438 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,017 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,741 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Ebury Partners</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer to Assets held for sale (Notes 3 y 12)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,176)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(291)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(605)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,958</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,438</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 13438000000 14017000000 13741000000 19000000 30000000 56000000 0 0 45000000 4000000 4000000 20000000 1176000000 0 0 -291000000 -605000000 240000000 11958000000 13438000000 14017000000 -291000000 -605000000 240000000 P5Y 4000000 4000000 20000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is a detail of the main assumptions taken into account in determining the recoverable amount, at 2025 year-end, of the most significant cash-generating units which were valued using the discounted cash flow method:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Projected period</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.4</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 years</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.6</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount and nominal perpetual growth rates taken into account in 2024 and 2023 are presented below for comparison purposes:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Discount rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal<br/>perpetual<br/>growth rate</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.9</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.2</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander US Auto</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.8</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Holding USA (ex. Auto)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.4</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Germany</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SAM Investment Holdings, Limited</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Portugal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Post-tax discount rate.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Weighted information of the main assumptions of the segments to which goodwill has been allocated.</span></div> P5Y 0.124 0.025 P3Y 0.115 0.030 P5Y 0.136 0.035 P5Y 0.095 0.025 P5Y 0.115 0.025 P5Y 0.106 0.025 0.118 0.119 0.025 0.025 0.129 0.132 0.050 0.050 0.122 0.128 0.030 0.030 0.134 0.134 0.035 0.035 0.091 0.097 0.020 0.023 0.116 0.116 0.025 0.025 0.102 0.112 0.025 0.025 0.0050 0.0050 0.0050 0.0050 0.05 Intangible assets - Other intangible assets<div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2025, 2024, and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,261 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,714 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,286)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,179)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,490 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,084)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,658 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">795 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,047)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,715)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">723 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,070)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(923)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(977)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(93)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,955)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(222)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,169)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(439)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,261 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,169)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(472)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(923)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(227)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(227)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,853)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(282)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:22.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,502 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(196)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,386)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,294)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,439)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>In 2025, 2024 and 2023, impairment losses of EUR 108 million, EUR 227 million and EUR 53 million, respectively, were recognised under Impairment or reversal of impairment on non-financial assets, net – intangible assets. This impairment losses are related mainly to the decline in or loss of the recoverable value of certain computer systems and applications as a result of the processes initiated by the Group to transform or integrate businesses and to adapt to the various regulatory changes <div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Intangible assets - Other intangible assets in the consolidated balance sheets and of the changes therein in 2025, 2024, and 2023 is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,261 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,714 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,286)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,179)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,490 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,286)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,084)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,658 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">795 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,047)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,715)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">723 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,070)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(923)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(977)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(93)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,955)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(222)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.386%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,169)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(439)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,261 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,169)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(472)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,322 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,235)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(923)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(227)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(227)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,853)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(282)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:22.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.369%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.152%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.265%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Estimated<br/>useful life</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 January 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net <br/>additions<br/>and<br/>disposals</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in<br/>scope of<br/>consolidation</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Application of<br/>amortization<br/>and<br/>impairment</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange<br/>differences<br/>and other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,502 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brand names</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">IT developments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3-10 years</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(196)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accumulated amortisation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,554)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,386)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,851)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Development</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,866)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,294)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(688)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(773)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:105%">Of which addition</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:105%">Of which Liberation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,904</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,439)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 15261000000 1714000000 -20000000 -1286000000 -1179000000 14490000000 32000000 0 0 0 0 32000000 P3Y P10Y 13322000000 1713000000 -7000000 -1286000000 -1084000000 12658000000 1907000000 1000000 -13000000 0 -95000000 1800000000 -9235000000 0 12000000 1847000000 1228000000 795000000 -9047000000 -8312000000 0 6000000 1715000000 1228000000 723000000 -8070000000 -923000000 0 6000000 132000000 0 72000000 -977000000 -205000000 0 0 108000000 58000000 162000000 -93000000 108000000 5821000000 1714000000 -8000000 1955000000 0 -222000000 5350000000 14773000000 2104000000 -8000000 -1169000000 -439000000 15261000000 40000000 0 0 0 -8000000 32000000 P3Y P10Y 12867000000 2104000000 -8000000 -1169000000 -472000000 13322000000 1866000000 0 0 0 41000000 1907000000 -8851000000 0 6000000 1626000000 1062000000 174000000 -9235000000 -8078000000 0 6000000 1546000000 1062000000 244000000 -8312000000 -773000000 0 0 80000000 0 -70000000 -923000000 -68000000 0 0 227000000 107000000 -17000000 -205000000 227000000 0 5854000000 2104000000 -2000000 1853000000 0 -282000000 5821000000 12502000000 2197000000 176000000 -230000000 128000000 14773000000 33000000 0 8000000 -2000000 1000000 40000000 P3Y P10Y 10721000000 2197000000 18000000 -196000000 127000000 12867000000 1748000000 0 150000000 -32000000 0 1866000000 -7554000000 0 5000000 1386000000 209000000 -125000000 -8851000000 -6866000000 0 0 1294000000 177000000 -95000000 -8078000000 -688000000 0 5000000 92000000 32000000 -30000000 -773000000 -44000000 0 0 53000000 21000000 8000000 -68000000 53000000 0 4904000000 2197000000 181000000 1439000000 0 11000000 5854000000 108000000 227000000 53000000 Other assets<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of 'Other' of 'Other assets' is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:57.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.146%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">364 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net pension plan assets (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">784 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Prepayments and accrued income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,121 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,911 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,376 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,645</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,472</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of 'Other' of 'Other assets' is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:57.509%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.146%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">364 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net pension plan assets (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">784 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Prepayments and accrued income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,121 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,911 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,376 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,645</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,472</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 364000000 469000000 246000000 784000000 677000000 1001000000 3121000000 3016000000 2911000000 4376000000 4310000000 4598000000 8645000000 8472000000 8756000000 Deposits from central banks and credit institutions<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, counterparty, type and currency, of 'Deposits from central banks' and 'Deposits from credit institutions' in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:53.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.948%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,542 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,013</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">856 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,709 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,488 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,448 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,829 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,013</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,692 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,246 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">117,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,005 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,657 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,718 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,716 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,402 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">117,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,588 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,779 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,625 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,466 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,783 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,725 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,794 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">137,187</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">158,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 and 2024, no conditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) was outstanding. As of 2023, the balance of such financing amounted to EUR 11,583 million, all corresponding to the TLTRO III financing program. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, no expense has been recognized in the consolidated income statement corresponding to TLTRO III (expenses of EUR 158 million and EUR 659 million at 31 December 2024 and 2023, respectively, as a result of the conditions of the financing programme).</span></div>Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, counterparty, type and currency, of 'Deposits from central banks' and 'Deposits from credit institutions' in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:53.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.948%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CENTRAL BANKS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,542 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,013</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">856 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,709 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,488 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,448 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,829 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,013</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CREDIT INSTITUTIONS</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,692 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,246 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">117,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,005 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,657 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,718 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,716 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,402 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">265 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">117,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,588 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,779 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,625 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,466 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,783 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,725 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,794 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">137,187</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">158,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 12385000000 13300000000 7808000000 3086000000 1774000000 1209000000 18542000000 24882000000 48782000000 34013000000 39956000000 57799000000 856000000 405000000 117000000 14709000000 18488000000 43853000000 18448000000 21063000000 13829000000 34013000000 39956000000 57799000000 27058000000 26284000000 17862000000 1424000000 1625000000 1735000000 74692000000 90012000000 81246000000 103174000000 117921000000 100843000000 5005000000 6657000000 5468000000 42718000000 54716000000 54402000000 55186000000 56273000000 40689000000 265000000 275000000 284000000 103174000000 117921000000 100843000000 54588000000 53779000000 53921000000 13625000000 21853000000 27697000000 43466000000 57992000000 49447000000 6783000000 7459000000 7997000000 18725000000 16794000000 19580000000 137187000000 157877000000 158642000000 0 0 11583000000 0 -158000000 -659000000 Customer deposits<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, geographical area and type, of Customer deposits is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,930 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979,150 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437,855 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">388,736 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,854 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">377,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">of which: United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228,810 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279,491 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292,268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">of which: United States </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,321 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,555 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand deposits-</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">646,125 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677,818 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661,262 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits-</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,797 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits redeemable at notice</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,789 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,791 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,317 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">According to the geography of the legal entity.</span></div><div style="text-indent:6.66pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification, geographical area and type, of Customer deposits is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,930 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979,150 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Geographical area</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437,855 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">388,736 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,854 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">377,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">366,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">of which: United Kingdom</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228,810 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,698 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279,491 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292,268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">of which: United States </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,321 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,555 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the world</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand deposits-</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">646,125 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677,818 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661,262 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Time deposits-</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296,797 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits redeemable at notice</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,487 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,789 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Repurchase agreements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,791 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,317 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,055,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,047,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">According to the geography of the legal entity.</span></div> 36120000000 18984000000 19837000000 25930000000 25407000000 32052000000 979150000000 1011545000000 995280000000 1041200000000 1055936000000 1047169000000 437855000000 395479000000 388736000000 323854000000 377057000000 366165000000 228810000000 233192000000 235698000000 279491000000 283400000000 292268000000 82321000000 88712000000 83555000000 0 0 0 1041200000000 1055936000000 1047169000000 646125000000 677818000000 661262000000 296797000000 298276000000 305296000000 1487000000 1525000000 1789000000 96791000000 78317000000 78822000000 1041200000000 1055936000000 1047169000000 Marketable debt securities<div style="margin-bottom:6pt;margin-top:6pt"><span id="i03474f18b154408e879f426e609f26fd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Marketable debt securities is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated<br/>at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bonds and debentures outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253,893 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,765 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,880 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,859 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Notes and other securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,638 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of the book value of debt securities issued by contractual maturity at 31 December 2025 is shown below:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">798</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,760</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,277</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,859</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,509</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,643</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,461</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,465</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,618</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,696</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,529</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,308</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,661</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,106</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,593</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,197</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,747</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,060</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,638</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,809</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,018</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,561</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">790</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,255</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,926</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,715</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,056</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,654</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,089</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,469</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,457</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,038</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,110</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,467</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,116</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,513</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,244</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,709</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,042</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,516</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,803</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95,699</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">319,932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i9f3292e39ad04b86b357024adefd2a96"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:119%">b) Bonds and debentures outstanding    </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.606%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (Million)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual<br/>interest rate (%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,350</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,973</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,657</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,350</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.72%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,140</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,740</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,229</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,632</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.73%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,548</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,961</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,520</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,301</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.14%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,848</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,683</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,861</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,089</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.21%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,697</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,579</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,921</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,977,648</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,310</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,829</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,692</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">253,893</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Bonds and debentures outstanding' were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:75.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">252,765</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">211,597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Net inclusion of entities in the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(1,224)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(1,467)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SPIRE SA Compartment 2023-374</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,224)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Auto ABS UK Loans PLC</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(841)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">PSA Bank Deutschland GmbH</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Issues</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">72,014</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">77,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">68,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A. </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">12,682 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">20,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">19,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">11,827 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,039 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">12,781 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Group UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">11,450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">9,884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">6,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,705 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">7,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander International Products, Plc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">5,071 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Stellantis Financial Services Italia S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,020 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,799 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Holdings USA, Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,772 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">3,004 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,850 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Fondo de Titulización, Santander Consumo 8</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,523 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Fondo de Titulización, Santander Consumo 9</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,421 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,204 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,181 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander Totta, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,069 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">853 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">4,133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,346 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2025-2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">850 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Austria S.à r.l., Compartment Consumer 2025-1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">803 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Secucor Finance 2025-1 Designated Activity Company</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">801 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">787 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital Bank Europe GmbH Italy</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">749 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">728 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,145 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank AG</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumo 6, F.T.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumo 7, F.T.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,102 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Redemptions and repurchases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(60,335)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(57,676)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(48,825)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(14,854)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(15,888)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(9,430)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(6,919)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(10,542)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,905)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(10,806)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(14,466)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Group UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(4,936)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,764)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(6,185)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,743)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,900)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,800)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Holdings USA, Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,693)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,387)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,648)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,440)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(567)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,084)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,930)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,486)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(575)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander International Products, Plc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,327)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(584)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(728)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,327)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank AS</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,174)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(839)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(681)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(746)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(565)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(813)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Stellantis Financial Services Italia S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(698)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander Totta, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(223)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,055)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(10,551)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">2,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at year-end</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">253,893</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">252,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0a37cf9ba39947ebabd1d34b9996b9e0"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Notes and other securities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The notes of the Group (see Note 22.a) were issued basically by Santander Consumer Finance, S.A., Santander UK plc, Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander México, Banco Santander, S.A., Santander Consumer Bank AG, Banque Stellantis France, Banco Santander -Chile and Banco Santander S.A. - Uruguay.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8023adbc3c0740689b44ec0e2ff4f518"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Guarantees</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below is information on the liabilities secured by assets:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,031 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,723 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,717 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, mortgage-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,961 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other mortgage securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,438 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: mortgage-backed bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,624 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Covered bonds (non mortgage and export financing)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,728 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108,197</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,959</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main characteristics of the assets securing the aforementioned financial liabilities are as follows:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Asset-backed securities</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Mortgage-backed securities- these securities are secured by mortgage assets (see Note 10.e) with average maturities of more than ten years that must: be a first mortgage for acquisition of principal or second residence, be current in payments, have a loan-to-value ratio below 80% and have a liability insurance policy in force covering at least the appraisal value. The value of the financial liabilities broken down in the foregoing table is lower than the balance of the assets securing them —securitised assets retained on the balance sheet— mainly because the Group repurchases a portion of the bonds issued, and in such cases they are not recognised on the liability side of the consolidated balance sheet.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Other asset - backed securities: includes asset-backed securities, notes issued by securitization funds collateralized mainly by mortgage loans that do not meet the above requirements and other loans (mainly personal loans with an average maturity of five years and loans to SMEs with average maturities of seven years) and private issues of Santander Consumer USA Holdings Inc. collateralized by vehicles assigned under operating leases.</span></div></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Other mortgage securities include mainly: </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.87pt">Mortgage-backed bonds with average maturities of more than ten years that are secured by a portfolio of mortgage loans and credits (included in secured loans  —see note 10.b—) which must: not be classified as of procedural stage; have available appraisals performed by specialised entities; have a loan-to-value (LTV) ratio below 80% in the case of home loans and below 60% for loans for other assets and have sufficient liability insurance.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.57pt">Other debt securities issued as part of the Group’s liquidity strategy in the UK, mainly covered bonds in the UK secured by mortgage loans and other assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has a balance corresponding to mortgage bonds at 31 December 2025 of EUR 22,624 million (all of them issued in euros), which correspond to issues of Banco Santander, S.A. (with an outstanding face value of EUR 22,360 million).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The issuing entity may repay the mortgage bonds early, if this has been expressly established in the final conditions of the issue in question and in the conditions established there. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">None of the mortgage bonds issued by Banco Santander have replacement assets involved.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2023, the Bank of Spain has published Circular 1/2023 of 4 February , which modifies Circular 4/2017, repealing the breakdown in the annual accounts and the information related to internal accounting development and management control.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Banco Santander, S.A. issues internationalization certificates, which are securities whose capital and interest are guaranteed by loans and credits that are linked to the financing of export contracts or the internationalization of companies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of the guarantees received by the Group (financial and non-financial assets) which the Group is authorised to sell or pledge even if the owner of the guarantee has not defaulted is scantly material taking into account the Consolidated financial statements as a whole.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by classification and type, of Marketable debt securities is as follows:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:49.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Classification</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated<br/>at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312,704 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Type</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bonds and debentures outstanding</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">253,893 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,765 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,880 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,859 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,529 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Notes and other securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,638 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0 0 0 11686000000 7554000000 5371000000 312704000000 317967000000 303208000000 324390000000 325521000000 308579000000 253893000000 252765000000 231880000000 28859000000 35461000000 30529000000 41638000000 37295000000 46170000000 324390000000 325521000000 308579000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution of the book value of debt securities issued by contractual maturity at 31 December 2025 is shown below:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">798</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,760</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,277</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,859</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,509</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,643</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,461</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,465</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,618</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,696</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,529</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,308</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,661</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,106</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,593</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,197</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,747</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,060</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,638</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,809</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,018</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,561</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324,390</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The distribution by contractual maturity of the notional amounts of these debt securities issued at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12<br/>months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5<br/>years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subordinated debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">790</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,255</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,926</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,715</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior unsecured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,056</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,654</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,089</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,469</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,457</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Senior secured debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,038</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,110</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,467</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,116</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,513</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107,244</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Promissory notes and other securities</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,709</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,042</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,516</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Debt securities issued</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,803</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,596</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95,699</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,614</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">319,932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the maturities of lease liabilities at 31 December 2025, 2024 and 2023 is shown below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis - Discounted payments</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within 1 year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 1 and 3 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">619 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">868 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 3 and 5 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Later than 5 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total discounted payments at the end of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,822</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0 798000000 1760000000 2277000000 24024000000 28859000000 10509000000 13643000000 51461000000 34465000000 35618000000 145696000000 11529000000 12308000000 43661000000 28106000000 12593000000 108197000000 17747000000 23060000000 335000000 170000000 326000000 41638000000 39785000000 49809000000 97217000000 65018000000 72561000000 324390000000 0 790000000 1744000000 2255000000 22926000000 27715000000 10056000000 12654000000 50189000000 34089000000 36469000000 143457000000 11038000000 12110000000 43467000000 28116000000 12513000000 107244000000 17709000000 23042000000 299000000 154000000 312000000 41516000000 38803000000 48596000000 95699000000 64614000000 72220000000 319932000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of 'Bonds and debentures outstanding' is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.606%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (Million)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual<br/>interest rate (%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,350</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,973</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,657</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,350</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.72%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,140</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,740</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,229</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,632</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.73%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,548</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,961</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,520</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,301</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.14%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,848</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,683</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,861</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,089</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.21%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,697</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,579</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,921</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,977,648</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.61%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,310</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,829</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,692</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">253,893</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div> 117350000000 110973000000 101657000000 117350000000 0.0272 71140000000 79740000000 70229000000 83632000000 0.0473 25548000000 23961000000 20520000000 22301000000 0.0514 21848000000 18683000000 21861000000 141089000000 0.1421 4697000000 4579000000 4921000000 4977648000000 0.0361 13310000000 14829000000 12692000000 253893000000 252765000000 231880000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Bonds and debentures outstanding' were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:75.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.754%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">252,765</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">211,597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Net inclusion of entities in the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(1,224)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(1,467)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SPIRE SA Compartment 2023-374</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,224)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Auto ABS UK Loans PLC</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(841)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">PSA Bank Deutschland GmbH</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Issues</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">72,014</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">77,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">68,568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A. </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">12,682 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">20,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">19,706 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">11,827 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,039 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">12,781 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Group UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">11,450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">9,884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">6,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,705 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">8,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">7,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander International Products, Plc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">5,071 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Stellantis Financial Services Italia S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,020 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,799 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Holdings USA, Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,772 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">3,004 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,850 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Fondo de Titulización, Santander Consumo 8</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,523 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Fondo de Titulización, Santander Consumo 9</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,421 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,204 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,181 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">2,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander Totta, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,069 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">853 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">4,133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,346 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2025-2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">850 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Austria S.à r.l., Compartment Consumer 2025-1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">803 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Secucor Finance 2025-1 Designated Activity Company</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">801 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">787 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Hyundai Capital Bank Europe GmbH Italy</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">749 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">728 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,145 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank AG</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumo 6, F.T.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumo 7, F.T.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,102 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">SC Germany S.A., Compartment Consumer 2024-2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">1,000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Redemptions and repurchases</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(60,335)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(57,676)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">(48,825)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(14,854)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(15,888)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(9,430)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(6,919)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(10,542)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer USA Holdings Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,905)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(10,806)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(14,466)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Group UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(4,936)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(7,764)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(6,185)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Finance, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,743)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,900)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,800)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Holdings USA, Inc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,693)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,387)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank, National Association</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,648)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,440)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(567)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(2,084)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,930)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,486)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(575)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander International Products, Plc.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,327)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(584)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(728)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,327)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Santander Consumer Bank AS</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,174)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(839)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(681)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(746)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(565)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(813)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Stellantis Financial Services Italia S.p.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(698)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander Totta, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(223)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(1,055)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">(10,551)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">2,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Balance at year-end</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">253,893</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">252,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">231,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 252765000000 231880000000 211597000000 0 -1224000000 -1467000000 0 -1224000000 0 0 0 -841000000 0 0 -626000000 72014000000 77921000000 68568000000 12682000000 20559000000 19706000000 11827000000 8039000000 12781000000 11450000000 9884000000 6002000000 8705000000 8949000000 7309000000 5071000000 2752000000 1054000000 2020000000 2021000000 761000000 1799000000 1001000000 1460000000 1772000000 3004000000 1850000000 1523000000 0 0 1421000000 0 0 1204000000 1171000000 814000000 1181000000 2271000000 2557000000 1069000000 1129000000 1734000000 853000000 4133000000 1346000000 850000000 0 0 803000000 0 0 801000000 0 0 787000000 875000000 634000000 749000000 0 0 728000000 897000000 1145000000 0 180000000 1256000000 0 1500000000 0 0 1230000000 0 0 1218000000 0 0 1002000000 1102000000 0 1000000000 0 60335000000 57676000000 48825000000 14854000000 15888000000 7889000000 9430000000 6919000000 10542000000 7905000000 10806000000 14466000000 4936000000 7764000000 6185000000 2743000000 2900000000 1800000000 2693000000 1387000000 0 2648000000 1440000000 567000000 2084000000 122000000 140000000 1930000000 1486000000 575000000 1327000000 584000000 728000000 1327000000 233000000 266000000 1174000000 839000000 681000000 746000000 565000000 813000000 698000000 22000000 0 223000000 1055000000 108000000 -10551000000 1864000000 2007000000 253893000000 252765000000 231880000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below is information on the liabilities secured by assets:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,031 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,723 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,717 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, mortgage-backed securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,961 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other mortgage securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,438 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: mortgage-backed bonds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,624 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Covered bonds (non mortgage and export financing)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,728 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108,197</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,959</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 55031000000 49723000000 37717000000 5961000000 4377000000 3019000000 51438000000 50141000000 49478000000 22624000000 22631000000 24619000000 1728000000 995000000 764000000 108197000000 100859000000 87959000000 P10Y 0.80 P5Y P7Y P10Y 0.80 0.60 22624000000 22360000000 Subordinated liabilities<div style="margin-bottom:6pt;margin-top:3pt;padding-right:263.62pt"><span id="ibf215cc2b27e4246bacfb045ee1ff0a4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.496%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:16pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (million)</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual interest rate (%)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,402</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,999</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,684</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,402</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.55%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,425</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,300</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,462</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.53%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,354</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,600</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,518</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,117</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.30%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,347</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,409</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,353</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,176</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.28%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,434</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,380</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,057</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,287</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of subordinated liabilities at each year-end.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0dad061466ca4bd289193a838b32d01d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The movement in the balance of subordinated liabilities in the last three years were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,813 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,912 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,926 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net inclusion of entities in the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuances</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,287 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,862 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">375 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,338 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemptions and repurchases</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,110)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,781)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,754)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,433)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,000)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander UK Group Holdings plc</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(352)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander UK plc</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(702)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,703)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(200)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,287</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:22pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The balance rel</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ating to issuances, r</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">edemptions and repurchases (EUR 4,823 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,560 million), is included in the cash flow from financing activities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i6dc0c66d71ce46279e7d2e4cc33185d1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Other disclosures </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This caption includes contingent convertible or redeemable preferred participations, as well as other subordinated financial instruments issued by consolidated companies, which do not qualify as equity (preferred shares).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preferred shares do not have voting rights and are non-cumulative. They have been subscribed by third parties outside the Group, and except for the issuances of Santander UK plc, the rest are redeemable by decision of the issuer, according to the terms of each issue.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander's contingently convertible preferred participations are subordinated debentures and rank after common creditors and any other subordinated credit that by law and/or by their terms, to the extent permitted by Spanish law, ranks higher than the contingently convertible preferred participations. Their remuneration is conditioned to the obtainment of sufficient distributable profits, and to the limitations imposed by the regulations on shareholders' equity, and they have no voting rights. The other issues of Banco Santander, S.A. mentioned in this caption are also subordinated debentures and, for credit ranking purposes, they rank behind all the common creditors of the issuing entities and ahead of any other subordinated credit that ranks pari passu with the Bank's contingently convertible preferred participations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main issuances of subordinated debt securities, broken down by company, are detailed below: </span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuances by Banco Santander, S.A. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 December 2025, Banco Santander, S.A. has proceeded to redeem in advance all the issued subordinated obligations: 'EUR 60,000,000', with original maturity date on December 2026 and with ISIN code XS1492669509.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 19 November 2025, Banco Santander, S.A. carried out an issuance for an amount of USD 1,500 million with ISIN code US05971KAA79.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 24 September 2025, Banco Santander, S.A. proceeded to redeem in advance all the issued subordinated obligations: 'EUR 50,000,000 Fixed/Floating', with original maturity date on March 2029 and with ISIN code XS1585005314.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 August 2025, Banco Santander, S.A. proceeded to redeem in advance the subordinated debt issuances with ISIN code XS1384064587, for a nominal amount of EUR 1,500 million, with a coupon of 3.250% and original maturity date on April 2026 and with ISIN code XS1548444816, for a nominal amount of EUR 1,000 million, with a coupon of 3.125% and original maturity date on January 2027.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 2 July 2025, Banco Santander, S.A. proceeded to repurchase for their subsequent redeem in advance the contingently convertible preferred shares with ISIN code XS2102912966, for a total nominal amount of EUR 466.6 million and which are traded on the market of the Irish Stock Exchange 'Global Exchange Market', leaving the amount in circulation at EUR 1,033.4 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 2 July 2025, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of EUR 1,500 million with ISIN code XS3100756637 . The Issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at 6% quarterly for the first six years, being reviewed every five years thereafter by applying a margin of 381.9 basis points over the five-year mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 18 March 2025, Banco Santander, S.A. carried out an issuance for an amount of EUR 1,500 million with ISIN code XS1201001572.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 17 February 2025, Banco Santander, S.A. prepaid EUR 600.8 million out of a total of EUR 1,500 million of the transaction with ISIN XS138406464587 following the tender announcement launched on 6 February 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 17 February 2025, Banco Santander, S.A. prepaid EUR 563.6 million euros out of a total of EUR 1,000 million of the transaction with ISIN XS1548444816 following the tender announcement launched on 6 February 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 August 2024, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of USD 1,500 million (valued at EUR 1,356 million). The issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at 8% annually for the first ten years, being reviewed every five years thereafter by applying a margin of 391.1 basis points over the 5-year mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 May 2024, Banco Santander, S.A., proceeded to partially redeem in advance the contingently convertible preferred shares with ISIN code XS1793250041, for a total nominal amount of EUR 1,312 million and which are traded on the market of the Irish Stock Exchange 'Global Exchange Market' (the 'PPCC'), leaving the amount in circulation at EUR 187.6 million.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 May 2024, Banco Santander, S.A. carried out a placement of preference shares contingently convertible into newly issued ordinary shares of the Bank (PPCC), for a nominal amount of EUR 1,500 million. The Issuance has been made at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, has been set at 7% annually for the first six years, being reviewed every five years thereafter by applying a margin of 443.2 basis points over the 5-year mid-swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 14 March 2024, Banco Santander, S.A. issued subordinated obligations for an amount of USD 1,250 million (valued at EUR 1,158 million) for a term of 10 years. The issuance was made at par and the issue coupon was set at 6.35% per year, payable bi-annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 February 2024, Banco Santander, S.A., proceeded to prepay all of the contingently convertible Tier 1 preferred shares with ISIN code XS1951093894, for a total nominal amount of USD 1,200 million (valued at EUR 1,110 million) and that were traded on the Irish Stock Exchange 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22 January 2024, Banco Santander, S.A. issued subordinated bonds for an amount of EUR 1,250 million for a term of 10 years and 3 months. The issue was carried out at 99.74% and the issue coupon was set at 5% per year for the first 5 years and 3 months, with an amortization option in April 2029, reviewing the coupon, in case of non-amortization, at a fixed rate equivalent to a margin of 250 points plus the 5-year Euro swap rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 29 December 2023, Banco Santander, S.A., proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1692931121 for a total nominal amount of EUR 1,000 million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 November 2023, Banco Santander, S.A., carried out a placement of two series of contingently convertible preferred shares into newly issued ordinary shares of the Bank, for a total nominal amount of USD 1,150 million (EUR 1,054 million at the exchange rate on the day of issue) and USD 1,350 million (EUR 1,235 million at the exchange rate on the day of issue), respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The issue was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the first Series at 9.625% annually for the first five years and six months, being reviewed every five years thereafter by applying a margin of 530.6 basis points on the five-year UST rate (5-year UST), and (ii) for the second Series at 9.625% annually for the first ten years, being reviewed thereafter every five years, applying a margin of 529.8 basis points on the five-year UST rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 August 2023, Banco Santander, S.A. carried out an issuance of subordinated obligations for an amount of 2,000 million dollars (1,821 million euros at the exchange rate on the day of issuance). The issue was carried out at par coupon was set at 6.921% per year, payable semiannually during the 10-year life of the operation. </span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 23 May 2023, Banco Santander, S.A. issued subordinated bonds for an amount of 1,500 million euros for a term of 10 years and 3 months. The issue was carried at 99.739% and the coupon of the issue was set at 5.75% annually for the first 5 years and 3 months, with the option of amortization in August 2028, revising the coupon, in case of non-amortization, at a margin of 285 points plus the Euro Swap type 5 years.</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 April 2022, Banco Santander, S.A. proceeded to prepay all the Tier 1 Contingently Convertible Preferred Securities with ISIN code XS1602466424 and common code 160246642 in circulation, for a total nominal amount of EUR 750 million and which were traded on the Irish Stock Market 'Global Exchange Market' (the 'PPCC').</span></div><div style="margin-bottom:9pt;margin-top:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22 November 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the tenth anniversary of the issue date, in the amount of USD 1,000 million (EUR 1,007 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 3.225%, payable semi-annually, for the first ten years. This issue has an early redemption option in the tenth year from the issue date and if the redemption is not executed in the tenth year, the coupon is repriced at a margin of 160 points over the one-year US government bond. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 4 October 2021, Banco Santander, S.A. issued subordinated debentures for a term of eleven years, with a redemption option on the sixth anniversary of the issue date, amounting to GBP 850 million (EUR 887 million at the exchange rate on the day of issue). The issue bears interest at an annual rate of 2.25%, payable annually for the first six years (then repricing at a margin of 165 points over the 5-year UK government bond).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 September 2021, Banco Santander, S.A. carried out a placement of preferential shares contingently convertible into newly issued ordinary shares of the Bank ('PPCC') for a nominal amount of EUR 1,000 million (issue placed on the market EUR 997 million). The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set at 3.625% per year for the first eight years, being reviewed every five years applying a margin of 376 basis points over the 5-year Mid-Swap Rate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 12 May 2021, Banco Santander, S.A. placed the issue of preference shares contingently convertible into newly issued ordinary shares of the Bank, previously announced, for a total nominal amount of EUR 1,578 million, issued in a Series in Dollars of USD 1,000 million (EUR 828 million at the exchange rate on the day of issue) and a Series in Euros for an amount of EUR 750 million. The issuance was carried out at par and the remuneration of the PPCC, whose payment is subject to certain conditions and is also discretionary, was set (i) for the Series in Dollars at 4.750% per annum for the first six years, being revised every five years applying a margin of 375.3 basis points over the 5-year UST rate and (ii) for the Series in Euros by 4.125% per annum for the first seven years, being revised every five years applying a margin of 431.1 basis points over the applicable 5-year euro mid-swap.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 3 December 2020, Banco Santander, S.A. issued subordinated debentures with a ten-year term of USD 1,500 million (EUR 1,222 million at the date of issue). The issue bears interest at an annual rate of 2.749%, payable semiannually.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 22 October 2020, it carried out a ten-year subordinated debenture issue for an amount of EUR 1,000 million. The issue bears interest at an annual rate of 1.625%, payable annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 14 January 2020, it carried out a placement of contingently convertible preferred participations into newly issued ordinary shares of the Bank (the 'PPCCs'), excluding the pre-emptive subscription rights of its shareholders and for a nominal amount of EUR 1,500 million (the 'Issuance' and the 'PPCCs'). The Issuance was made at par and the remuneration of the PPCCs, the payment of which is subject to certain conditions and is also discretionary, was set at 4.375% per annum for the first six years, revised every five years thereafter by applying a margin of 453.4 basis points over the 5-year mid-Swap Rate (5-year mid-Swap Rate).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 February 2018, a ten-year subordinated debenture issuance of EUR 1,250 million was carried out. The issue accrues annual interest of 2.125% payable annually.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuances by Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In early December 2025, Brazil closed a Tier 2 subordinated debt issuance in its local market with a 10-year term and the first call date at 5 years, for an amount of BRL 2.4 billion. The issuance price was 10y CDI + 65 bps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At September 2024, Brazil issued AT1 Financial Notes (PerpNC5) in its local market for an amount of BRL 7,600 million at CDI + 140% (equivalent to UST +222 bps).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the beginning of October 2023, Banco Santander (Brasil) S.A. carried out an issuance of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issuance date, in the amount of BRL 6,000 million. The issuance price was CDI +1.6% per annum, payable at maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of November 2021, Banco Santander (Brasil) S.A. carried out an issuance of Subordinated Financial Bills (TIER II) in its local market for a 10-year term, with a repurchase option as of the fifth anniversary of the issue date, in the amount of BRL 5,500 million. The issue price was CDI 2% per annum, payable at maturity.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Issuance by Santander Bank Polska S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 28 November 2024, Santander Bank Polska S.A proceeded to repay subordinated debt ISIN XS0531310182 for EUR 100 million. The debt was originally fully subscribed by the EBRD at 5 August 2010.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accrued interests from the subordinated liabilities during 2025 amounted to EUR 1,486 million (EUR 1,357 million and EUR 1,010 million during 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, interests from the PPCC and PPCA during 2025 amounted to EUR 622 million (EUR 620 million and EUR 492 million in 2024 and 2023, respectively).</span></div> <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by currency of issue, of Subordinated liabilities, deposits and marketable debt securities, in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.496%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr style="height:16pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding issue amount in foreign currency (million)</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Annual interest rate (%)</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency of issue</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,402</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,999</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,684</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,402</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.55%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,425</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,300</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,462</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.53%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,354</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,600</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,518</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,117</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.30%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,347</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,409</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,353</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,176</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.28%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other currencies</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,434</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,380</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,057</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7.75pt 0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,287</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div> 11402000000 14999000000 13684000000 11402000000 0.0455 9750000000 13425000000 11300000000 11462000000 0.0653 4354000000 3600000000 2518000000 28117000000 0.1630 1347000000 1409000000 1353000000 1176000000 0.0428 2434000000 2380000000 2057000000 29287000000 35813000000 30912000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The movement in the balance of subordinated liabilities in the last three years were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,813 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,912 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,926 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net inclusion of entities in the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuances</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,287 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,862 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">375 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,338 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemptions and repurchases</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,110)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,781)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,754)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,433)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,000)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander UK Group Holdings plc</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(352)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander UK plc</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(702)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banque Stellantis France</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other movements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,703)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(200)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,287</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:22pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The balance rel</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">ating to issuances, r</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">edemptions and repurchases (EUR 4,823 million), together with the interest paid in remuneration of these issuances including PPCC (EUR 1,560 million), is included in the cash flow from financing activities.</span></div> 35813000000 30912000000 25926000000 0 0 40000000 2287000000 7001000000 7007000000 1862000000 5625000000 5610000000 375000000 1338000000 1112000000 0 25000000 150000000 7110000000 2572000000 1781000000 6754000000 2433000000 1000000000 352000000 0 0 0 100000000 0 0 0 702000000 0 0 78000000 -1703000000 472000000 -200000000 29287000000 35813000000 30912000000 4823000000 1560000000 60000000 1500000000 50000000 1500000000 0.03250 1000000000 0.03125 466600000 1033400000 1500000000 0.06 P6Y P5Y 0.03819 P5Y 1500000000 600800000 1500000000 563600000 1000000000 1500000000 1356000000 0.08 P10Y P5Y 0.03911 P5Y 1312000000 187600000 1500000000 0.07 P6Y P5Y 0.04432 P5Y 1250000000 1158000000 P10Y 0.0635 1200000000 1110000000 1250000000 0.9974 0.05 0.0250 P5Y 1000000000 2 1150000000 1054000000 1350000000 1235000000 0.09625 P5Y 0.05306 P5Y P5Y 0.09625 P10Y P5Y 0.05298 P5Y 2000000000 1821000000 0.06921 P10Y 1500000000 0.99739 0.0575 0.0285 P5Y 750000000 P11Y 1000000000 1007000000 0.03225 P10Y 0.0160 P1Y P11Y 850000000 887000000 0.0225 P6Y 0.0165 P5Y 1000000000 997000000 0.03625 P8Y P5Y 0.0376 P5Y 1578000000 1000000000 828000000 750000000 0.04750 P6Y P5Y 0.03753 P5Y 0.04125 P7Y P5Y 0.04311 P5Y P10Y 1500000000 1222000000 0.02749 P10Y 1000000000 0.01625 1500000000 0.04375 P6Y P5Y 0.04534 P5Y P5Y P10Y 1250000000 0.02125 P10Y P5Y 2400000000 0.0065 7600000000 1.40 0.0222 P10Y 6000000000 0.016 P10Y 5500000000 0.02 100000000 1486000000 1357000000 1010000000 622000000 620000000 492000000 Other financial liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other financial liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.850%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.482%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trade payables</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,452 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,783 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Clearing houses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">794 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax collection accounts:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Public Institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,271 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Factoring accounts payable</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unsettled financial transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,860 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease liabilities (note 2.k)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,645 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,683 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,065 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,118</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Note 51 contains a detail of the residual maturity periods of other financial liabilities at each year-end.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Lease liabilities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash outflow of leases in 2025 was EUR 510 million (EUR 684 million and EUR 738 in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The analysis of the maturities of lease liabilities at 31 December 2025, 2024 and 2023 is shown below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity Analysis - Discounted payments</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Within 1 year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 1 and 3 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">619 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">868 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Between 3 and 5 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Later than 5 years</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">403 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total discounted payments at the end of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,822</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, 2024 and 2023 there were no significant variable lease payments not included in the valuation of lease liabilities.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other financial liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.850%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.482%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trade payables</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,452 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,783 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Clearing houses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">794 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax collection accounts:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Public Institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,271 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Factoring accounts payable</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unsettled financial transactions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,860 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease liabilities (note 2.k)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,822 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,645 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,683 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,065 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,118</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,916</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1452000000 1452000000 1783000000 794000000 776000000 1269000000 6271000000 6156000000 4986000000 274000000 226000000 272000000 3860000000 7421000000 6412000000 1822000000 2202000000 2400000000 21645000000 21683000000 23065000000 36118000000 39916000000 40187000000 510000000 684000000 738000000 466000000 526000000 586000000 619000000 868000000 918000000 315000000 405000000 480000000 422000000 403000000 416000000 1822000000 2202000000 2400000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.741%"><div style="margin-bottom:6pt"><span id="i7fd30b62b1094ab48052c593a6deff5f"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:13pt;font-weight:400;line-height:110%">25. Provisions</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i80282586c84e434dab03a586940b4da1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div></div><div style="display:inline-block;max-width:2.517%;min-width:1.517%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.742%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Provisions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for pensions and other obligations post-employments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,656 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,225 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other long term employee benefits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">993 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes and other legal contingencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,989 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contingent liabilities and commitments (note 2.o)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">702 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,004 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,919 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,355</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:263.62pt"><span id="i9aa81f137b604657b7fb798fe14e0ce5"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Provisions' in the last three years were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,036 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(541)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,755)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(358)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(329)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(329)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,355</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.239%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">368 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">430 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(383)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,323)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,734)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,512)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,934)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(484)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(182)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(708)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(708)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,825)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,826)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(368)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(517)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span id="i546aa42ff1a044e5a34ed35e1344219f_14542"></span><span id="i11c08a01286c41e4a2247bd8f675d42d"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Provision for pensions and other obligations post –employments and Other long term employee benefits </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Provisions for pensions and similar obligations is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.408%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">927</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">817</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which pre-retirements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">916</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">839</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">805</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,028</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,029</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provision for pensions and other obligations post -employments and Other long term employee benefits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,649</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which defined benefits</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,637</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,638</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,097</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ie5766de2c8fa42fca22f4bfbcd5a069f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Spanish entities - Post-employment plans and other similar obligations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023, the Spanish entities had post-employment benefit obligations under defined contribution and defined benefit plans. In addition, in various years some of the consolidated entities offered certain of their employees the possibility of taking pre-retirement and, therefore, provisions are recognised each year for the obligations to employees taking pre-retirement -in terms of salaries and other employee benefit costs- from the date of their pre-retirement to the agreed end date.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2023, the provisions made to cover the commitments with 502 employees covered by early retirement and incentivized dismissals plan amounted to EUR 160 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, the provisions made to cover the commitments with 826 employees covered by early retirements and incentivized dismissals amounted to EUR 303 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the provisions made to cover the commitments with 1,238 employees covered by early retirements and incentivized dismissals amounted to EUR 389 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The expenses incurred by the Spanish companies in 2025, 2024 and 2023 in respect of contributions to defined contribution plans amounted to EUR 130 million, EUR 126 million and EUR 116 million, respectively.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.    Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows:</span></div></div></div><div style="margin-bottom:3pt;padding-left:18pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.682%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 6.62pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt 0 12.25pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual social security pension increase rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual benefit increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Corresponds to the group’s defined-benefit obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in euros) matching the durations of the commitments. From the bond portfolio considered, callable, putable and sinkable bonds, which could distort the rates, are excluded. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by 50 basis points (bp), there would have been an increase or decrease in the present value of the post-employment obligations of 4.02% (-50 bp) to -3.75% (+50 bp),respectively, and an increase or decrease in the present value of the long-term obligations of 1.15% (-50 bp) to -1.15% (+50 bp), respectively.</span></div><div style="margin-bottom:9pt;margin-top:15pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes would be offset in part by increases or decreases in the fair value of the assets and insurance contracts linked to pensions.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:8.5pt;text-indent:-8.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3. The estimated retirement age of each employee is the first at which the employee is entitled to retire or the agreed-upon age, as appropriate.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions:</span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on reimbursement rights</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr></table></div><div style="margin-bottom:9pt;margin-top:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding years is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.756%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To current employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Vested obligations to retired employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,610 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,850 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To pre-retirees employees</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">919 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-service bonuses and other benefits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">930</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less - Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,234 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">586</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">927</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">535 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">927 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">852 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net pension assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Insurance contracts linked to pensions (note 14)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:50.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.988%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Actuarial (gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">398</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">210</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Including reduction/settlement effect</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in 2025 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' has decreased by EUR 33 million with respect to defined benefit obligations (</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:130%">increase</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of EUR 21 and increase </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EUR 10 million in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,899 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,987 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">824 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">903 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(292)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(102)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">930</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Plan Assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="21" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,234 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/(losses) on settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions/(surrenders)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insurance Contracts linked to pensions</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of insurance contracts linked to pensions at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Paid premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of insurance contracts linked to pensions at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In view of the conversion of the defined-benefit obligations to defined-contribution obligations, the Group will not make material current contributions in Spain in 2026 to fund its defined-benefit pension obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The plan assets and the insurance contracts linked to pensions are instrumented mainly through insurance policies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">331</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">672</span></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i83f6c003c8014f2f9cba17ed12c0dc9a"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. United Kingdom</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of each of the last three years, the businesses in the United Kingdom had post-employment benefit obligations under defined contribution and defined benefit plans. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 92 million in 2025 (EUR 98 million in 2024 and EUR 87 million in 2023).</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amount of the defined benefit obligations was determined on the basis of the work performed by independent actuaries using the following actuarial techniques:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.    Valuation method: projected unit credit method, which sees each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.    Actuarial assumptions used: unbiased and mutually compatible. Specifically, the most significant actuarial assumptions used in the calculations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.815%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.58%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.54%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.63%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">''S4 Light' tables weighted 105% males/101% females and CMI_2024 projection [LTR=1.25%, A=0.25%, H=1] with both Age-Period and Cohort convergence periods equal to core values except increased to 20 years for ages 80 to 100 and then tapering down to nil by age 120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2023 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2022 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.02%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual pension increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.96%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The discount rate used for the flows was determined by reference to high-quality corporate bonds (at least AA in pounds sterling) that coincide with the terms of the obligations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 5.82% (-50 bp) and -5.28% (+50 bp), respectively. If the inflation assumption had been increased or decreased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 4.23% (+50 bp) and -4.14% (-50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding years is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,164 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,740 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(576)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(757)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(601)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(530)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(833)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions, net</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost of services provided</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(48)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in 2025 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans has increased by EUR 117 million with respect to defined benefit obligations ( increase of EUR 475 and of EUR 687 million in 2024 and 2023, respectively).</span></div><div style="margin-bottom:1pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,898 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">438 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(428)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid by settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(965)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(91)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(213)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(832)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(438)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,164</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,451</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,400 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">496 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">498 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(434)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(421)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,440)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(406)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,740</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2026 the Group expects to make current contributions to fund these obligations for amounts similar to those made in 2025.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.628%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">576 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">485 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">503 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">527 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">545 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,801 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ieeb2f13312bf454e82ba1e3634f2d155"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Other foreign subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Certain of the consolidated foreign entities have acquired commitments to their employees similar to post-employment benefits.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 2024 and 2023, these entities had defined-contribution and defined-benefit post-employment benefit obligations. The expenses incurred in respect of contributions to defined contribution plans amounted to EUR 110 million in 2025 (EUR 133 million at 31 December 2024 and EUR 107 million at 31 December 2023).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The actuarial assumptions used by these entities (discount rates, mortality tables and cumulative annual CPI growth) are consistent with the economic and social conditions prevailing in the countries in which they are located.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Specifically, the discount rate used for the flows was determined by reference to high-quality corporate bonds, except in the case of Brazil where there is no extensive corporate bond market and, accordingly the discount rate was determined by reference to the series B bonds issued by the Brazilian National Treasury Secretariat for a term coinciding with that of the obligations. In Brazil the discount rate used was between 10.52% and 10.65%, the CPI 3.00% and the mortality table the AT-2000, AT-2000 Basic y AT-2000 S10.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Any changes in the main assumptions could affect the calculation of the obligations. At 31 December 2025, if the discount rate used had been decreased or increased by 50 basis points, there would have been an increase or decrease in the present value of the obligations of 3.92% (-50 bp) and -3.53% (+50 bp), respectively. These changes would be offset in part by increases or decreases in the fair value of the assets.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2025 and the two preceding years is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:56.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which business in Brazil</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,886 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,569 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,903 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: with a charge to the participants</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,284 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,730 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">450</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">(313)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,083 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">210 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,084 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(170)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(463)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(463)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(699)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to these obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Actuarial gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">129</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in 2025 'Other comprehensive income – Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans' has increased by EUR 136 million with respect to defined benefit obligations (increase of EUR 147 million and EUR 247 million in 2024 and 2023, respectively). </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued obligations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,903 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">552 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(726)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(730)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">300 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(860)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">336 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations<br/>at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,886</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,502 </span></td><td style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">588 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(752)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,022)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(644)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(201)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Settlements gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(987)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,284</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2026 the Group expects to make contributions to fund these obligations for amounts similar to those made in 2025.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5%</span></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">746 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">736 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">740 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">747 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,790 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span id="i546aa42ff1a044e5a34ed35e1344219f_14561"></span><span id="i75049b1c22ed4f989cd2d88c82df2dc8"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Provisions for taxes and other legal contingencies and Other provisions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Provisions - Provisions for taxes and other legal contingencies' and 'Provisions - Other provisions', which include, inter alia, provisions for restructuring costs and tax-related and non-tax-related proceedings, were estimated using prudent calculation procedures in keeping with the uncertainty inherent to the obligations covered. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, these obligations have no fixed settlement period and, in other cases, depend on the legal proceedings in progress.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by Spanish companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,033 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other EU companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">694 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,650 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,530 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">736</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt 0 12.25pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of which GBP 461 million (EUR 528.1 million) correspond to the Financial Conduct Authority (FCA) review of the Vehicle Finance Market as detailed in note 25.e.ii.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below is the detail, by type of provision, of the balance at 31 December 2025, 2024 and 2023 of Provisions for taxes and other legal contingencies and Other provisions. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The types of provision were determined by grouping together items of a similar nature:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">727 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for employment-related proceedings (Brazil)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other legal proceedings</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,675 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for customer remediation</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">826 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for restructuring</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Relevant information is set forth below in relation to each type of provision shown in the preceding table.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for taxes include provisions for tax-related proceedings.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor’s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do not fall within these categories, a case-by-case assessment is performed and the amount of the provision is calculated in accordance with the status of each proceeding and the risk assessment carried out by the legal advisers.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for other legal proceedings include provisions for court, arbitration or administrative proceedings (other than those included in other categories or types of provisions disclosed separately) brought against Grupo Santander companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for customer remediation include mainly the estimated cost of payments to remedy errors relating to the sale of certain products in the UK, the CHF mortgage portfolio of Poland, as well as the estimated amount related to the floor clauses of Banco Popular Español, S.A.U in Spain. To calculate the provision for customer remediation, the best estimate of the provision made by management is used, which is based on the estimated number of claims to be received and, of these, the number that will be accepted, as well as the estimated average payment per case. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The provisions for restructuring include only the costs arising from restructuring processes carried out by the various Group companies.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the Other heading contains very atomized and individually insignificant provisions, such as the provisions to cover the operational risk of the different offices of the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Qualitative information on the main litigation is provided in Note 25 e to the consolidated financial statements.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group's general policy is to record provisions for tax and legal proceedings in which the Group assesses the chances of loss to be probable and the Group does not record provisions when the chances of loss are possible or remote. Grupo Santander determines the amounts to be provided for as its best estimate of the expenditure required to settle the corresponding claim based, among other factors, on a case-by-case analysis of the facts and the legal opinion of internal and external counsel or by considering the historical average amount of the loss incurred in claims of the same nature. The definitive date of the outflow of resources embodying economic benefits for the Group depends on each obligation. In certain cases, the obligations do not have a fixed settlement term and, in others, they depend on legal proceedings in progress.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding their variations in fiscal year 2025, in provisions for labour processes and others of a legal nature, EUR 524 million and EUR 185 million were recorded in Brazil in 2025, making payments of EUR 384 million and EUR 159 million, respectively.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i10c8cccb4c114c1786b9160787d772b1"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Litigation and other matters </span></div><div style="margin-bottom:3pt;margin-top:6pt"><span id="ieec7504224924a38a80531f3e18015e7"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Tax-related litigation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the main tax-related proceedings concerning the Group were as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Legal actions filed by Banco Santander (Brasil) S.A. and other Group entities to avoid the application of Law 9.718/98, which modifies the basis to calculate Programa de Integraçao Social (PIS) and Contribuição para Financiamento da Seguridade Social (COFINS), extending it to all the entities income, and not only to the income from the provision of services. In relation of Banco Santander (Brasil) S.A. process, in 2015 the Federal Supreme Court (FSC) admitted the extraordinary appeal filed by the Federal Union regarding PIS, and dismissed the extraordinary appeal lodged by the Brazilian Public Prosecutor's Office regarding COFINS contribution, confirming the decision of Federal Regional Court favourable to Banco Santander (Brasil) S.A. of August 2007. The Federal Supreme Court also admitted the appeals related to the other Group entities both for PIS and COFINS. On June 13, 2023, the Federal Supreme Court ruled unfavorably 2 cases through General Repercussion (Theme 372), including Banco Santander (Brasil) S.A. case. The Bank has filed a new appeal, considering the possible loss as a contingent liability. The cases of the other Group entities are no longer susceptible of appeal and a provision has been recognized for the amount of the estimated loss.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil have appealed against the assessments issued by the Brazilian tax authorities questioning the deduction of loan losses in their income tax returns (Imposto sobre a Renda das Pessoas Jurídicas - IRPJ - and Contribuçao Social sobre o Lucro Liquido -CSLL-) in relation to different administrative processes of various years on the ground that the requirements under the applicable legislation were not met. The appeals, which involves several cases, are pending decision in different administrative and judicial instances. No provision was recognised in connection with the amount considered to be a contingent liability. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against several municipalities that demand payment of the Service Tax on certain items of income from transactions not classified as provisions of services. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other Group companies in Brazil are involved in administrative and legal proceedings against the tax authorities in connection with the taxation for social security purposes of certain items which are not considered to be employee remuneration. There are several cases in different judicial instances. A provision was recognised in connection with the amount of the estimated loss. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In May 2003 the Brazilian tax authorities issued separate infringement notices against Santander Distribuidora de Títulos e Valores Mobiliarios, Ltda. (DTVM, actually Santander Brasil Tecnología S.A.) and Banco Santander (Brasil) S.A. in relation to the Provisional Tax on Financial Movements (Contribuição Provisória sobre Movimentação Financeira) of the years 2000 to 2002. The administrative discussion ended unfavourably for both companies, and on July 3, 2015, filed a lawsuit requesting the cancellation of both tax assessments. The lawsuit was judged unfavourably in first instance. Therefore, both plaintiffs appealed to the court of second instance. In December 2020, the appeal was decided unfavourably and the judgement was appealed before the higher courts. This case fell within the scope of the Comprehensive Transaction Programme (Programa de Transaçao Integral) established by the Ministry of Finance, and in 2025 a final settlement was reached. The amounts paid under the terms of the Transaction were fully provisioned.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In December 2010 the Brazilian tax authorities issued an infringement notice against Santander Seguros S.A. (Brasil), (currently Zurich Santander Brasil Seguros e Previdência S.A.), as the successor by merger to ABN AMRO Brasil dois Participações S.A., in relation to income tax (IRPJ and CSLL) for 2005, questioning the tax treatment applied to a sale of shares of Real Seguros, S.A. The administrative discussion ended unfavourably, and the CARF decision has been appealed at the Federal Justice. As the former parent of Santander Seguros S.A. (Brasil) (currently Zurich Santander Brasil Seguros e Previdência S.A.), Banco Santander (Brasil) S.A. is liable in the event of any adverse outcome of this proceeding. No provision was recognised in connection with this proceeding as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In November 2014 the Brazilian tax authorities issued an infringement notice against Banco Santander (Brasil) S.A. in relation to corporate income tax (IRPJ and CSLL) for 2009 questioning the tax-deductibility of the amortisation of the goodwill of Banco ABN AMRO Real S.A. performed prior to the absorption of this bank by Banco Santander (Brasil) S.A., but accepting the amortisation performed after the merger. The Bank appealed before the Higher Chamber of CARF, and a final favourable decision was obtained in April 2024. No provision was recognised in connection with this proceeding as it was considered to be a contingent liability.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. has also appealed against infringement notices issued by the tax authorities questioning the tax deductibility of the amortisation of the goodwill arising on the acquisition of Banco Comercial e de Investimento Sudameris S.A from years 2007 to 2012. In May and October 2024, the appeal related to period 2009 to 2012 was finally rejected by the CARF and the resolution was appealed at the Federal Justice. No provision was recognised in connection with this matter as it was considered to be a contingent liability. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. and other companies of the Group in Brazil are undergoing administrative and judicial procedures against Brazilian tax authorities for not admitting tax compensation with credits derived from other tax concepts, not having registered a provision for the amount considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. is involved in appeals in relation to infringement notices initiated by tax authorities regarding the offsetting of tax losses in the CSLL of year 2009 and 2019. The appeals are pending decision at the administrative level. No provision was recognised in connection with this matter as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander (Brasil) S.A. filed a suspensive judicial measure aiming to avoid the withholding income tax (Imposto sobre a Renda Retido na Fonte - IRRF), on payments derived from technology services provided by Group foreign entities. A favorable decision was handed down and an appeal was filed by the tax authority at the Federal Regional Court, where it awaits judgment. No provision was recognized as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Brazilian tax authorities have issued infringement notices against Getnet Adquirência e Serviços para Meios de Pagamento S.A and Banco Santander (Brasil) S.A. as jointly liable in relation to corporate income tax (IRPJ and CSLL) for 2014 to 2018 questioning the tax-deductibility of the amortization of the goodwill from the acquisition of Getnet Tecnologia Proces S.A., considering that the company would not have complied with the legal requirements for such amortization. The tax assessment notices were appealed to the CARF. In 2024, the CARF issued a favourable partial decision on both infraction notices. In December 2024, the tax authorities issued a new infringement notice for 2019 and 2020. No provision was recognized as it is considered to be a contingent liability.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total amount for the aforementioned Brazil lawsuits that are fully provisioned is EUR 553 million, and for lawsuits that qualify as contingent liabilities is EUR 5,040 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the date of approval of these consolidated annual accounts, there are other less significant tax disputes.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i013766adb6b44e0594d5e94ee840ecd2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Non-tax-related proceedings</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the main non-tax-related proceedings concerning the Group were as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Payment Protection Insurance (PPI): AXA France IARD and AXA France Vie (former GE Capital Corporation Group entities, known as Financial Insurance Company Ltd (FICL) and Financial Assurance Company Ltd (FACL), acquired by AXA SA in 2015) (together, AXA France) brought a claim against (i) Santander Cards UK Limited (formerly known as GE Capital Bank Limited (GECB), which was acquired by Banco Santander, S.A. in 2008 and subsequently transferred to Santander UK plc); and (ii) Santander Insurance Services UK Limited (a Banco Santander, S.A. subsidiary) (SISUK and together with GECB the Santander Entities). The claim relates to the allocation of liability for compensation and associated costs in respect of a large number of PPI policies distributed by GECB pre-2005, which were underwritten by FICL and FACL. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 25 July 2025, the Commercial Court of England and Wales handed down its judgment in relation to the claim brought by AXA France (the Judgment). It found against SISUK in relation to AXA France’s claim pursuant to an indemnity in an agency agreement entered into between GECB, FICL and FACL in 2000 and novated by GECB to SISUK in 2010. It also found GECB negligent in the sale of PPI policies, but this element of the claim was time barred to PPI policies sold in the period between 2002 and 2005 and overlaps with the indemnity claim. The Judgment required the Santander Entities to pay GBP 515 million plus interest of GBP 162 million. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In October 2025 the Santander Entities obtained permission to appeal the findings in the Judgment relating to the application of the indemnity arising from PPI sales occurring before the indemnity had been agreed in December 2000 (Santander Appeal).  In January 2026, AXA France obtained permission to cross-appeal the Commercial Court’s rejection of AXA France’s contribution claim made under the Civil Liability (Contribution) Act 1978 (the AXA France’s cross appeal). A decision on the Santander Appeal and AXA France’s cross appeal is expected in the second half of 2026.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With respect to the Santander Appeal and AXA France’s cross-appeal, there are points of legal interpretation to be resolved and, in the case of the cross-appeal, factual points to be determined. The significant uncertainties make it difficult to predict the timing or the final impact of the resolution of the appeals for the Group. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">No customers have suffered loss as a consequence of the claim brought by AXA France or the Judgment, nor does it impact upon past redress paid to customers for PPI complaints.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt;text-decoration:underline">Motor Finance Broker Commissions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: following the Financial Conduct Authority’s (FCA) Motor Market review in 2019 which resulted in a change in rules in January 2021, Santander Consumer (UK) plc (SCUK) has received several of county court claims and complaints in respect of its historical use of discretionary commission arrangements (DCAs) prior to the 2021 rule changes. In January 2024, the FCA commenced a review of the use of DCAs between lenders and credit brokers (the FCA Review). Pending the conclusion of its review, the FCA paused the handling of motor finance commission related complaints. The pause is currently in place until 31 May 2026, reflecting the extended timeline of the FCA's Review and subsequent Consultation (see below).</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">After the Court of Appeal's decision rendered on 25 October 2024 within the judicial proceedings followed against DCAs of other financial entities, as of 31 December 2024, the Santander UK group Holdings recognised a provision of GBP 293.0 million (EUR 353.3 million). This provision was determined based upon the information then available. It included estimates for operational and legal costs and potential awards based on various scenarios and used a range of assumptions, including the possible outcome of the appeal to the Supreme Court in 2025 of the Court of Appeal's decision. On 1 August 2025, the Supreme Court handed down its judgment stating that motor dealers acting as credit brokers do not owe fiduciary or disinterested duties to their customers and, as a consequence, commission payments by lenders to motor dealers would not be unlawful on that basis. In addition, the Supreme Court held that an unfair relationship under s.140A of the Consumer Credit Act 1974 had arisen in one of the cases on its facts and awarded the amount of the commission paid by the lender plus interest at a commercial rate as the remedy. It also confirmed that the test for unfairness of the relationship with borrower was highly fact sensitive and it outlined a series of non-exhaustive factors to consider in assessing unfair relationships in this context (indicating that no or partial disclosure was not necessarily enough on its own to constitute an unfair relationship). </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following the Supreme Court’s judgment, on 3 August 2025, the FCA announced that it aimed to publish a consultation on an industry wide redress scheme in early October (the Consultation). Further to the publication of the FCA’s Consultation on 7 October 2025, the Santander UK group submitted its comments on 12 December 2025 and continues to engage constructively with the FCA. The FCA has stated that its intention is to publish the industry wide redress scheme no later than in March 2026.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In light of the proposed sectoral scheme and taking into account the objections raised and the uncertainty surrounding both the final decision to be adopted by the FCA and the outcome of any potential legal challenges, the Santander UK group has reviewed the potential impact on SCUK in relation to the vehicle finance market. The range of scenarios has been updated, which has resulted in an additional estimated charge of GBP 183 million (EUR 213.6 million). As of 31 December 2025, the total provision amounts to GBP 461 million (EUR 528.1 million). This continues to include estimates for operational and legal costs and potential awards reflecting an increased likelihood of a higher number of cases than had previously been predicted as eligible for redress as well as an increased possibility that a remedy is sought to be imposed which extends beyond reversing any damaging financial consequences caused by any unfair relationships. The provision is based on various scenarios using a range of assumptions, including potential changes to the proposed scheme following responses to the Consultation or publication of the FCA’s final scheme rules.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There continue to be significant uncertainties as to the nature, extent and timing of redress payments. Therefore, while the ultimate financial impact of this matter could materially differ from the amount of the provision as of this date, such impact is not expected to be material for the Group as of the date of these financial statements.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Delforca: dispute arising from equity swaps entered into by Gaesco (now Delforca 2008, S.A. (Delforca)) on shares of Inmobiliaria Colonial, S.A. Banco Santander, S.A. is claiming to Delforca before the Court of Barcelona in charge of the bankruptcy proceedings, a total of EUR 66 million from the liquidation resulting from the early termination of financial transactions due to Delforca's non-payment of the equity swaps. In the same bankruptcy proceedings, Delforca and Mobiliaria Monesa, S.A., parent of Delforca (Monesa) have in turn claimed the Bank to repay EUR 57 million, which the Bank received for the enforcement of the agreed guarantee, as a result of the aforementioned liquidation. On 16 September 2021 the Commercial Court Number 10 of Barcelona has ordered Delforca to pay the Bank EUR 66 million plus EUR 11 million in interest and has dismissed the claims filed by Delforca. This decision was appealed by Delforca, Monesa and the bankruptcy administrator. On 15 November 2023 the Provincial Court of Barcelona rendered a judgment dismissing the appeals filed by Delforca, Monesa and the bankruptcy administrator. Delforca and Monesa (not the bankruptcy administrator) filed an appeal in cassation, that was rejected in November 2025 by the First Chamber of Supreme Court and, as a result, the appeal and first instance judgments in favor of the Bank have been confirmed. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Separately, Monesa, filed in 2009 a civil procedure with the Courts of Santander against the Bank claiming damages that have not been specified to date. The procedure is suspended.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">'Planos Económicos': like the rest of the banking system in Brazil, Santander Brazil has been the target of customer complaints and collective civil suits stemming mainly from legislative changes and its application to the retribution of bank deposits (economic plans). At the end of 2017, an agreement was reached between regulatory entities and the Brazilian Federation of Banks (Febraban) with the purpose of closing the lawsuits and was approved by the Supremo Tribunal Federal (the STF and the Collective Agreement). Discussions focused on specifying the amount to be paid to each affected client according to the balance in their notebook at the time of the application of the plan. Finally, the total value of the payments will depend on the number of adhesions there may be and the number of savers who have proved the existence of the account and its balance on the date the indexes were changed. In November 2018, the STF ordered the suspension of all economic plan proceedings for two years from May 2018. On 29 May 2020, STF approved the extension of the Collective Agreement for 5 additional years starting from 3 June 2020. Condition for this extension was to include in the Collective Agreement actions related to the 'Collor I Plan'. On May 2025, the STF issued the judgment recognizing the constitutionality of the Bresser, Verão, Collor I and II plans, guaranteeing savers the receipt of the amounts established in the Collective Agreement and setting a deadline of 24 months for new adhesions. As of 31 December 2025, the provision recorded for the economic plan proceedings amounts to EUR 155.3 million.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Popular´s acquisition: after the declaration of the resolution of Banco Popular, some investors filed claims against the EU’s Single Resolution Board decision, and the FROB's resolution executed in accordance with the aforementioned decision. Likewise, numerous civil lawsuits were filed against Banco Santander, S.A. alleging that the information provided by Banco Popular was erroneous and requesting from Banco Santander, S.A. the restitution of the price paid for the acquisition of the investment instruments or, where appropriate, the corresponding compensation.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the direct appeals filed before the General Court of the European Union (EGC) and the Court of Justice of the European Union (CJEU), all appeals were either dismissed or discontinued. Currently there are no ongoing appeals. On 4 February 2026, the National Court issued its first rulings dismissing the actions brought against the FROB’s decision, in application of the judgments of the EGC and the CJEU.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the civil proceedings, several Spanish judges referred to the CJEU a number of preliminary questions that have already been resolved. In particular, in the judgments of 5 May 2022 (C-410/20) and 5 September 2024 (C-775/22, C-779/22, C-794/22), the CJEU stated that Directive 2014/59/EU on bank resolution prevents shareholders, subordinated debt holders, and holders of equity instruments converted into shares bringing actions against a financial institution subject to a resolution proceeding or against its successor after the resolution, claiming liability for the information contained in the prospectus, under Directive 2003/71/EC, or actions seeking the nullity of the contract of subscription of capital instruments, which, given its retroactive effects, would result in the refund of the value of such securities, plus the interest accrued as of the date of execution of the contract. In its 11 September 2025 resolution (C-687/23), the CJEU declared that the above referred TJUE resolutions do not apply to actions pursued prior to the entity’s resolution. There are currently no other preliminary questions under consideration. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 4 March 2024, in the context of preliminary proceedings 42/2017, the Central Court of Instruction No. 4 issued a ruling transforming the proceedings into Summary Proceedings and terminating the investigation phase. This ruling considers that the circumstantial evidence resulting from the investigation which could constitute a crime is basically the following: (i) an alleged misrepresentation in the prospectus of the 2016 capital increase of Banco Popular; (ii) an alleged misrepresentation in the annual accounts of Banco Popular for 2015, the interim financial statements for 2016 and the annual accounts for 2016; and (iii) the offer to the market of a distorted amount of regulatory capital, after the capital increase of 2016 (for allegedly having been granted by Banco Popular financing to clients for the subscription of shares in the aforementioned capital increase, without discounting it from the regulatory capital). According to the aforementioned ruling, these facts could constitute the crimes of fraud of investors (art. 282 of the Criminal Code) and accounting falsehood (art. 290 of the Criminal Code). All appeals filed against the ruling have been dismissed. </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The accusing parties, including the Public Prosecutor's Office, filed their indictment briefs on 28 October 2024, which included requests for compensation for civil liability and the request that not only the defendants but also several entities are held liable for such compensation, including Banco Santander, S.A., the auditing firm and several insurance companies. Following the filing of the indictment briefs, on 22 November 2024, the Court (Investigating Judge) issued an order for the opening of the oral trial against the defendants and civil liability parties, including Banco Santander, S.A. as a possible civil liable party. However, in line with what was determined by the Spanish National Court and confirmed by the Supreme Court concerning the hypothetical succession of Banco Popular by Banco Santander, S.A., the oral trial has not been opened against the Bank as possible direct civil liable party.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The order to open the oral trial states that the plaintiffs have requested compensation for civil liability for a total amount of EUR 2,277.65. Additionally, the order rejects the imposition of the guarantee requested by several of the accusing parties, considering that it is unnecessary to secure the outcome of the trial. The defendants and potential civil liable parties submitted their defense writs on 4 February 2025. After that, the proceedings will be forwarded to the Criminal Chamber of the National Court for the oral trial. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding civil liability, the Bank considers that it has no subsidiary civil liability in light of the CJEU’s judgments of 5 May 2022 (C-410/20), 5 September 2024 (C-775/22, C-779/22, C-794/22) and 11 September 2025 (C-687/23 and C-447/23). Notwithstanding the foregoing, the Spanish National Court has stated that this issue shall be resolved within the ongoing proceedings. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The estimated cost of any compensation to shareholders and bondholders of Banco Popular recognized in the 2017 accounts amounted to EUR 680 million, of which EUR 535 million were applied to the commercial loyalty program. On 15 December 2024, Banco Santander, S.A., proceeded to redeem in advance voluntarily all bonds in circulation regarding such commercial action. The CJEU judgements of 5 May 2022 (C-410/20), 5 September 2024 (C-775/22, C-779/22, C-794/22) and 11 September 2025 (C-687/23 and C-447/23) referred above, represented a very significant reduction in the risk associated with these claims.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">German shares investigation: the Cologne Public Prosecution Office is conducting an investigation against the Bank and other group entities based in the UK - Santander UK plc, Santander Financial Services Plc and Cater Allen International Limited -, in relation to a particular type of tax dividend linked transactions known as cum-ex transactions.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group is cooperating with the German authorities. According to the state of the investigations, the result, and the effects for the Group, which may potentially include the imposition of material financial consequences (penalties, and/or disgorgement of proceeds) cannot be anticipated. For this reason, the Bank has not recognized any provisions in relation to the potential imposition of financial liabilities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander, S.A. was sued in a legal proceeding in which the plaintiff alleges that the Bank breached his contract as CEO of the institution: in the lawsuit, the claimant mainly requested a declaratory ruling upholding the existence, validity and effectiveness of such contract and its enforcement together with the payment of certain amounts. For the case that the main request is not granted, the claimant sought a compensation for a total amount of approximately EUR 112 million or, an alternative relief for other minor amounts. Banco Santander, S.A. answered to the legal action stating that the conditions to which the appointment of that position was subject to were not met; that the executive services contract required by law was not concluded; and that in any case, the parties could terminate the contract without any justified cause. On 17 May 2021, the plaintiff reduced his claims for compensation to EUR 61.9 million.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> On 9 December 2021, the Court upheld the claim and ordered the Bank to compensate the claimant in the amount of EUR 67.8 million. By court order of 13 January 2022, the Court corrected and supplemented its judgment, reducing the total amount to be paid by the Bank to EUR 51.4 million and clarifying that part of this amount (buy out) was to be paid under the terms of the offer letter, i.e., entirely in Banco Santander shares, within the deferral period for this type of remuneration at the plaintiff's former employer and subject to the performance metrics or parameters of the plan in force at the Bank, which was that of 2018. As explained in note 5 of the report of the consolidated annual accounts of the year 2022, the degree of performance of these objectives was 33.3%.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank filed an appeal against the judgment before the Madrid Court of Appeal, which was opposed by the plaintiff. At the same time, the plaintiff filed an application for provisional enforcement of the judgment in the First Instance Court. A court order was issued ordering enforcement of the judgment, and the Bank deposited in the court bank account the full amount provisionally awarded to the claimant, including interest, for an approximate sum of EUR 35.5 million, within the voluntary compliance period.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 6 February 2023, Banco Santander was notified with the judgment of 20 January 2023 by which the Madrid Court of Appeal partially upheld the appeal filed by the Bank. The judgment has reduced the amount to be paid by EUR 8 million, which, to the extent that this amount was already paid in the provisional partial enforcement of the judgement of First Instance Court, must be returned to the Bank together with other amounts for interest, which the appeal judgement also rejects. The plaintiff deposited circa EUR 9.6 million. This amount was received by the Bank on 11 July 2023. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 11 April 2023, the Bank filed an extraordinary appeal for procedural infringement and an appeal in cassation against the Madrid Court of Appeal’s judgment before Spanish Supreme Court. The extraordinary and cassation appeals submitted by the Bank were accepted on 26 March 2025 and are pending to be resolved. Existing provisions cover the estimated risk of loss.</span></div><div style="text-indent:10.91pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span id="i2f6bba6b43c7456faf1bf75d1b879f0f_39081"></span><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">CHF Polish Mortgage Loans: In October 2019, the CJEU rendered its decision in relation to the effects of the potential unfairness of certain contractual clauses in CHF-Indexed loan agreements. The CJEU established that it for the national courts to determine the invalidity of a contract where it cannot be maintained without the clause declared unfair and where no supplementary provisions exist that would allow the contract to be maintained. Subsequently, in June 2023, the CJEU confirmed that the effects of such invalidity must be determined in accordance with national law, interpreted in the light of Directive 93/13/EEC, and that claims by financial institutions exceeding the reimbursement of the loan principal and, where applicable, default interest, are contrary to the objectives of that Directive. </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In April 2024, the Civil Chamber of the Polish Supreme Court issued a judgment confirming that clauses relating to the mechanism for determining the exchange rate declared abusive cannot be replaced by alternative provisions and that, in the absence of a binding exchange rate, the contract is not enforceable for the parties. With regard to the effects of invalidity, the Supreme Court confirmed the existence of independent restitution claims for each party and ruled out the possibility of claiming interest or other amounts for the use of the funds. Nevertheless, certain aspects of this judgment have been subject to internal debate within the Supreme Court itself, reflecting the complexity and evolving nature of the jurisprudential framework</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this context, Santander Bank Polska S.A. and Santander Consumer Bank S.A. estimate legal risk using a model that considers different possible outcomes and regularly review court rulings on this matter in order to assess changes in case law, including the impact of the aforementioned Supreme Court judgment. Settlements are being reached both with customers who have already initiated legal proceedings and with customers who have not yet filed a claim. The model used to calculate provisions for legal risks considers the evolution and expected development of such settlements.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the total amount adjusted against the gross carrying amount of loans in accordance with IFRS 9, together with the provisions recognised under IAS 37, amounts to PLN 5,874.3 million (EUR 1,391.9 million), of which PLN3,191.7 million (EUR 756.3 million) corresponds to adjustments to the gross carrying amount under IFRS 9 and PLN 2,682.6 million (EUR 635.6 million) to provisions recognised under IAS 37. The adjustment to gross carrying amount in accordance with IFRS9 during 2025 amounted to PLN 99.7 million (EUR 23.6 million), and the additional provisions recognised under IAS 37 amounted to PLN 1245.3 million (EUR 293.8 million). Other costs related to the dispute amounted to PLN 730.5 million (EUR 172.4 million). IAS 37. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of the same date, Santander Bank Polska S.A. held a portfolio of mortgages denominated in or indexed to CHF amounting to approximately PLN 2,642.0 million (EUR 626.0 million) and recognised provisions of PLN 4,766.4 million (EUR 1,129.4 million) to cover the CHF mortgage portfolio. Santander Consumer Bank S.A. (Poland), in turn, held a portfolio of mortgages denominated in or indexed to CHF amounting to approximately PLN 735.9 million (EUR 174.4 million) and recognised provisions of PLN 1,107.9 million (EUR 262.5 million) to cover this portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Notwithstanding the above, as detailed in Note 3 b), in January 2026 the Group sold a 49% stake in Santander Bank Polska S.A., which ceased to be consolidated within the Group’s perimeter as of that date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group continues to monitor the evolution of legal proceedings and to periodically review the adequacy of the provisions recognised, which represent the best estimate of the risk existing as of the reporting date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Banco Santander Mexico: dispute regarding a testamentary trust constituted in 1994 by Mr. Roberto Garza Sada in Banca Serfin (currently Santander Mexico) in favor of his four sons in which he affected shares of Alfa, S.A.B. de C.V. (respectively, Alfa and the Trust). During 1999, Mr. Roberto Garza Sada instructed Santander México in its capacity as trustee to transfer 36,700,000 shares from the Trust's assets to his sons and daughters and himself. These instructions were ratified in 2004 by Mr. Roberto Garza Sada before a Notary Public.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Mr. Roberto Garza Sada passed away on 14 August 2010 and subsequently, in 2012, his daughters filed a complaint against Santander Mexico alleging it had been negligent in its trustee role. The lawsuit was dismissed at first instance in April 2017 and on appeal in 2018. In May 2018, the plaintiffs filed an appeal (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recurso de amparo</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) before the First Collegiate Court of the Fourth Circuit based in Nuevo León, which ruled in favor of the plaintiffs on 7 May 2021, annulling the 2018 appeal judgment and condemning Santander Mexico to the petitions claimed, consisting of the recovery of the amount of 36,700,000 Alfa shares, together with dividends, interest and damages.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2021, Santander Mexico has filed before the Supreme Court of Justice of the Nation a constitutional review challenge (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recurso de revisión constitucional</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) against the referred decision which was initially rejected by the Supreme Court; and several appeals (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-style:italic;font-weight:400;line-height:130%">recursos de reclamación</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">) against such rejection. On 25 June 2025, one of the appeals filed by the Bank was accepted, and this decision was extended to a remaining one, which will now be resolved. In case that these appeals are resolved favorably to the Bank, the Supreme Court will decide on the merits of the constitutional review against the judgment which condemned the Bank.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In parallel to the foregoing, the Bank also filed an amparo against the judgment favorable to the plaintiffs rendered by the First District Court in the State of Nuevo León before the Collegiate Courts if such State, and in 2024, the Bank requested the Supreme Court of Justice of the Nation to take up and resolve the matter through the faculty of attraction, what is pending.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The challenges and appeals filed by the Bank imply that the judgment rendered in favour of the plaintiffs is not final, and Santander México believes that the actions taken should prevail and reverse the decision against it. The impact of a potential unfavorable resolution for Santander México will be determined in a subsequent proceeding and will also depend on the additional actions that Santander México may take in its defense, so it is not possible to determine it at this time. At the current stage of the proceedings, the provisions recorded are considered sufficient to cover the risks deriving from this claim.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%;padding-left:3.11pt">Mortgage</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Expenses: in December 2015 the Spanish Supreme Court ruled that mortgage clauses relating to the payment of fees associated to formalizing the mortgage were abusive. On 27 November 2018, the Supreme Court agreed that the taxpayer of the documented legal acts stamp duty tax (IAJD) on the mortgage loans should be the borrower. On 9 November 2018, RDL 17/2018 came into force and modified the Law of the IAJD, establishing that the taxpayer is the Bank. On 23 January 2019, the Supreme Court ruled the distribution of the same must be 50% between the Bank and the borrower in public notary expenses and agency expenses. The Supreme Court also ruled that the Bank must pay 100% of the Registry. On 26 October 2020, the Supreme Court ruled that the Bank is fully responsible for the management expenses; and on 27 January 2021, the Supreme Court ruled that the Bank is also responsible for the valuation expenses. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the statute of limitations, on 25 April 2024, two judgments were rendered (cases C-561/21 and C-484/21) in which the Court of Justice of the European Union (CJEU) stated that the commencement of the statute of limitations for the reimbursement action of the mortgage expenses derived from the annulment of the clause, shall be fixed on the moment when the consumer has an effective knowledge of the abusive nature of the clause and its effects and that this date must not be fixed (a) on the date of payment of such expense nor of the execution of the agreement; (b) when the Supreme Court has handed down judgments stating the abusive nature of a clause similar to the one included in the consumer contract; nor (c) when the CJEU has handed down judgments confirming that the statute of limitations for the reimbursement action of the amounts derived from the annulment of contractual provisions is valid subject to its compliance with the principles of equivalence and effectiveness. </span></div></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Supreme Court has confirmed this criterion in its 14 June 2024 judgment, establishing that the public dissemination of case-law declaring the abusive nature of a clause does not necessarily give rise to the limitation period of the reimbursement action derived from similar clauses. However, the 4 July 2024 judgment, rendered in the case C-450/22, the CJEU has established that it cannot be excluded a priori that, as a consequence of the occurrence of an objective event or of a notorious event, such as the amendment of the applicable legislation or a widely disseminated and debated development of jurisprudence, the court considers that the average consumer's overall perception of the floor clause has changed during the reference period and has enabled him to become aware of the potentially significant economic consequences arising from such clause. A further preliminary question concerning the statute of limitations of the reimbursement action derived from the annulment of mortgage expenses has been raised before the CJEU by the First Instance Court No 8 of La Coruña. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December in 2024, the Supreme Court handed down two additional judgments regarding statute of limitations, in which it determines that the date to be considered for the purposes of the application of Directive 93/1994 and, consequently, the statute of limitations detailed in its previous judgments, is 31 December 1994 (i.e. the date when the deadline for its transposition ended). This is based on the principle of interpretation in accordance with directives not transposed (applicable once their transposition period has expired). The recorded provision includes the best estimate of Group’s liability for this matter.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander and the other Group companies are subject to claims and, therefore, are party to certain judicial and administrative proceedings incidental to the normal course of their business including those in connection with lending activities, relationships with employees and other commercial or tax matters additional to those referred to here.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the information available to it, the Group considers that, at 31 December 2025, it had reliably estimated the obligations associated with each proceeding and had recognized, where necessary, sufficient provisions to cover reasonably any liabilities that may arise as a result of these tax and legal risks. Disputes in which risk and/or provisions have been registered but are not disclosed is justified on the basis that it would be prejudicial to the proper defense of the Group. Subject to the qualifications made, it also believes that any liability arising from such claims and proceedings will not have, overall, a material adverse effect on the Group’s business, financial position, or results of operations.</span></div> <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Provisions in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for pensions and other obligations post-employments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,656 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,225 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other long term employee benefits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">993 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes and other legal contingencies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,989 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contingent liabilities and commitments (note 2.o)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">702 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,004 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,919 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,355</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div> 1656000000 1731000000 2225000000 993000000 915000000 880000000 2989000000 2717000000 2715000000 713000000 710000000 702000000 2004000000 2334000000 1919000000 8355000000 8407000000 8441000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in 'Provisions' in the last three years were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,036 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(541)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,755)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(358)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(329)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(329)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,914)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,355</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.239%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Post employment plans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Long term employee benefits</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Contingent liabilities and commitments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Other provisions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at beginning of year</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,392</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">734</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Additions charged to income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">368 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">244 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest expense (note 39)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Staff costs (note 46)</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">201 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,895 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Addition</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">430 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">4,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">3,992 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Release</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(383)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,323)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,734)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,512)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">(1,934)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other additions arising from insurance contracts linked to pensions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Changes in value recognised in equity</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to pensioners and pre-retirees with a charge to internal provisions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(484)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(182)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(316)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Insurance premiums paid</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Payments to external funds</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(708)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(708)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Amounts used</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,178)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,825)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,826)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Transfer, exchange differences and other changes</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(368)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(517)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balances at end of year</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">702</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">8,441</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1731000000 915000000 710000000 5051000000 8407000000 -13000000 0 0 0 -13000000 75000000 437000000 50000000 1872000000 2434000000 59000000 32000000 0 0 91000000 32000000 9000000 0 0 41000000 -16000000 396000000 50000000 1872000000 2302000000 6000000 424000000 591000000 4036000000 5057000000 22000000 28000000 541000000 2164000000 2755000000 -5000000 0 0 0 -5000000 220000000 0 0 0 220000000 107000000 358000000 0 0 465000000 31000000 0 0 0 31000000 0 0 0 0 0 329000000 0 0 0 329000000 0 0 0 1914000000 1914000000 115000000 -1000000 -47000000 -16000000 51000000 1656000000 993000000 713000000 4993000000 8355000000 2225000000 880000000 702000000 4634000000 8441000000 2392000000 950000000 734000000 4073000000 8149000000 0 0 0 0 0 -4000000 0 0 0 -4000000 94000000 368000000 47000000 2703000000 3212000000 92000000 244000000 -38000000 1895000000 2193000000 76000000 29000000 0 0 105000000 59000000 34000000 0 0 93000000 34000000 11000000 0 0 45000000 33000000 9000000 0 0 42000000 -16000000 328000000 47000000 2703000000 3062000000 0 201000000 -38000000 1895000000 2058000000 5000000 335000000 430000000 4026000000 4796000000 3000000 204000000 378000000 3407000000 3992000000 21000000 7000000 383000000 1323000000 1734000000 3000000 3000000 416000000 1512000000 1934000000 -2000000 0 0 0 -2000000 0 0 0 0 0 643000000 0 0 0 643000000 944000000 0 0 0 944000000 153000000 331000000 0 0 484000000 182000000 316000000 0 0 498000000 0 0 0 0 0 0 0 0 0 0 708000000 0 0 0 708000000 750000000 0 0 0 750000000 0 0 0 2178000000 2178000000 0 0 1000000 1825000000 1826000000 -368000000 -2000000 -39000000 -108000000 -517000000 -267000000 2000000 7000000 491000000 233000000 1731000000 915000000 710000000 5051000000 8407000000 2225000000 880000000 702000000 4634000000 8441000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Provisions for pensions and similar obligations is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.408%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">674</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Spanish entities</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">927</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">852</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">817</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which pre-retirements</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">916</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">839</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">805</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for post-employment plans - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,028</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,029</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other similar obligations - Other subsidiaries</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provision for pensions and other obligations post -employments and Other long term employee benefits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,649</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,646</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,105</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which defined benefits</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,637</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,638</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,097</span></td></tr></table></div> 602000000 674000000 770000000 927000000 852000000 817000000 916000000 839000000 805000000 26000000 28000000 76000000 1028000000 1029000000 1379000000 66000000 63000000 63000000 2649000000 2646000000 3105000000 2637000000 2638000000 3097000000 502 160000000 826 303000000 1238 389000000 130000000 126000000 116000000 Specifically, the most significant actuarial assumptions used in the calculations were as follows:<div style="margin-bottom:3pt;padding-left:18pt;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.682%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 6.62pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt 0 12.25pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">PER2020 M/F Col. Orden 1</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.25%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual social security pension increase rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual benefit increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span>Corresponds to the group’s defined-benefit obligationsSpecifically, the most significant actuarial assumptions used in the calculations were as follows:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.813%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.815%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual discount rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.58%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.54%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.63%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mortality tables</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">''S4 Light' tables weighted 105% males/101% females and CMI_2024 projection [LTR=1.25%, A=0.25%, H=1] with both Age-Period and Cohort convergence periods equal to core values except increased to 20 years for ages 80 to 100 and then tapering down to nil by age 120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2023 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">The S3 Middle tables weighted at 84% of the CMI_2022 projection with an initial addition of 0.25%, smoothing parameter 7 and improving 1.25%.</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cumulative annual CPI growth</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.11%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.02%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual salary increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.00%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Annual pension increase rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.96%</span></td></tr></table></div> 0.0375 0.0300 0.0335 0.0375 0.0300 0.0335 0.0200 0.0200 0.0200 0.0200 0.0200 0.0200 0.0125 0.0125 0.0125 0.0212 0.0212 0.0212 0 0 0 0.0050 0.0050 0.0402 -0.0375 0.0115 -0.0115 <div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of insurance contracts was determined as the present value of the related payment obligations, taking into account the following assumptions:</span></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected rate of return on reimbursement rights</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.75</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.00</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.35</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">N/A</span></td></tr></table></div> 0.0375 0.0300 0.0335 0.0375 0.0300 0.0335 0.0375 0.0300 0.0335 <div style="margin-bottom:9pt;margin-top:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding years is as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:51.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.985%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.756%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="9" style="background-color:#f6f6f6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To current employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Vested obligations to retired employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,610 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,850 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">To pre-retirees employees</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">919 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-service bonuses and other benefits</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">930</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less - Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,234 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">586</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">927</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">852</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">817</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">535 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">927 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">852 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net pension assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Insurance contracts linked to pensions (note 14)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the defined benefit obligations in 2025 and the two preceding years is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,164 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,740 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(576)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(502)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(757)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(601)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(530)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(833)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The funding status of the obligations similar to post-employment benefits and other long-term benefits in 2025 and the two preceding years is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:56.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which business in Brazil</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,886 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,569 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,903 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less-</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which: with a charge to the participants</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,284 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,730 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Provisions - Provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">450</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">(313)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Internal provisions for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,083 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">210 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,084 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(170)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(154)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Unrecognised net assets for pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(463)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(463)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(699)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(696)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 34000000 49000000 51000000 0 0 0 1610000000 1850000000 1936000000 0 0 0 0 0 919000000 844000000 812000000 0 0 11000000 13000000 12000000 1644000000 1899000000 1987000000 930000000 857000000 824000000 1058000000 1234000000 1235000000 3000000 5000000 7000000 -586000000 -665000000 -752000000 -927000000 -852000000 -817000000 535000000 593000000 677000000 927000000 852000000 817000000 13000000 6000000 14000000 0 0 0 67000000 81000000 93000000 0 0 0 3000000 3000000 4000000 0 0 0 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:50.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.988%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Actuarial (gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">398</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">210</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Including reduction/settlement effect</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to the aforementioned defined benefit obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversal of provisions, net</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cost of services provided</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(48)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The amounts recognised in the consolidated income statements in relation to these obligations are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost (net)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions or reversion of provisions</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(Actuarial gains)/losses recognised in the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">129</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 5000000 3000000 2000000 1000000 1000000 1000000 27000000 28000000 42000000 27000000 25000000 30000000 3000000 3000000 4000000 0 0 0 0 0 0 19000000 0 -7000000 0 3000000 2000000 0 0 13000000 0 0 0 389000000 303000000 160000000 -16000000 -10000000 -1000000 0 -4000000 -1000000 13000000 21000000 41000000 398000000 325000000 210000000 -33000000 21000000 10000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:38.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.832%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,899 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,987 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">824 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">903 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(179)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(292)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(102)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,644</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,987</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">930</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">857</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:1pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued defined benefit obligations were as follows:</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,898 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,451 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,982 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">465 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">438 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">436 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(428)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid by settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(965)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(91)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(213)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(832)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(438)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">419 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,164</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,451</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the present value of the accrued obligations were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.776%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value of the obligations at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,903 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,485 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Current service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">552 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pre-retirement cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of curtailment/settlement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(726)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(730)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid due to settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions made by employees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Past service cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">270 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Demographic actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">300 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Financial actuarial (gains)/losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(860)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">336 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value of the obligations<br/>at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,886</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,903</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,485</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1899000000 1987000000 2076000000 857000000 824000000 903000000 0 0 0 0 0 0 5000000 3000000 2000000 1000000 1000000 1000000 67000000 71000000 82000000 27000000 25000000 30000000 0 0 0 389000000 303000000 160000000 9000000 10000000 1000000 0 4000000 1000000 179000000 203000000 210000000 325000000 292000000 290000000 31000000 2000000 0 0 0 0 0 3000000 2000000 0 0 13000000 102000000 -45000000 -37000000 19000000 0 -7000000 14000000 0 2000000 8000000 1000000 0 88000000 -45000000 -39000000 11000000 -1000000 -7000000 -6000000 5000000 -1000000 0 0 1000000 1644000000 1899000000 1987000000 930000000 857000000 824000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of plan assets and of insurance contracts linked to pensions were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Plan Assets</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="21" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,234 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,235 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/(losses) on settlements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(144)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions/(surrenders)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,400 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net incorporation of companies into the Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">496 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">498 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(465)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(434)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(421)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,440)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(406)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(469)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,740</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,208</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in the fair value of the plan assets were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#ebebeb;padding:0 1pt"></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ebebeb;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of plan assets at beginning of year</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,502 </span></td><td style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,787 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on plan assets</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">588 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(752)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,022)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(644)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(201)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Settlements gains/(losses)</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences and other items</span></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(987)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of plan assets at end of year</span></td><td colspan="2" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,284</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> -1234000000 -1235000000 -861000000 -5000000 -7000000 -8000000 0 0 0 0 0 0 40000000 43000000 40000000 0 0 0 -7000000 0 0 0 0 0 -144000000 -124000000 -89000000 -2000000 -2000000 -2000000 -7000000 58000000 409000000 0 0 0 -64000000 27000000 25000000 0 0 0 8000000 5000000 11000000 0 0 -1000000 -1058000000 -1234000000 -1235000000 -3000000 -5000000 -7000000 <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Insurance Contracts linked to pensions</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Post-employment plans</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other similar obligations</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Fair value of insurance contracts linked to pensions at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Incorporation of Group companies, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Expected return on insurance contracts linked to pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Benefits paid</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Paid premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of insurance contracts linked to pensions at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">67</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">93</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> 81000000 93000000 104000000 0 0 0 0 0 0 0 0 0 3000000 3000000 4000000 0 0 0 12000000 13000000 15000000 0 0 0 0 0 0 0 0 0 -5000000 -2000000 0 0 0 0 67000000 81000000 93000000 0 0 0 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">461</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">331</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">672</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">576 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">485 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">503 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">527 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">545 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,801 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the estimated benefits payable at 31 December 2025 for the next ten years:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:86.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.246%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2026</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">746 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2027</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">736 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2028</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">740 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2029</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2030</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">747 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2031 to 2035</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,790 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 461000000 391000000 331000000 274000000 223000000 672000000 92000000 98000000 87000000 0.0558 0.0554 0.0463 0.029 0.0311 0.0302 0.0100 0.0100 0.0100 0.0278 0.0304 0.0296 0.0050 0.0050 0.0582 -0.0528 0.0050 0.0050 0.0423 -0.0414 8164000000 8898000000 9451000000 8740000000 9400000000 10208000000 576000000 502000000 757000000 25000000 28000000 76000000 601000000 530000000 833000000 9000000 13000000 14000000 -31000000 -40000000 -62000000 0 0 0 0 0 0 -22000000 -27000000 -48000000 117000000 475000000 687000000 8898000000 9451000000 8982000000 0 0 -28000000 9000000 13000000 14000000 465000000 438000000 436000000 469000000 465000000 428000000 0 0 9000000 3000000 7000000 6000000 0 0 0 304000000 965000000 -281000000 91000000 133000000 59000000 213000000 832000000 -340000000 -438000000 419000000 197000000 8164000000 8898000000 9451000000 -9400000000 -10208000000 -10152000000 0 0 41000000 496000000 478000000 498000000 -469000000 -465000000 -434000000 203000000 182000000 225000000 -421000000 -1440000000 -406000000 469000000 -437000000 -214000000 -8740000000 -9400000000 -10208000000 <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.628%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.247%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main categories of plan assets as a percentage of total plan assets are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Properties</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5%</span></td></tr></table></div> 0 0 0 0.67 0.66 0.62 0.11 0.14 0.12 0.22 0.20 0.26 576000000 485000000 503000000 527000000 545000000 2801000000 110000000 133000000 107000000 0.1052 0.1065 0.0300 0.0050 0.0050 0.0392 0.0050 -0.0353 0.0050 6886000000 4569000000 6903000000 8485000000 152000000 152000000 157000000 114000000 6284000000 4730000000 6502000000 7787000000 -450000000 313000000 -244000000 -584000000 1083000000 210000000 1084000000 1434000000 170000000 60000000 141000000 154000000 463000000 463000000 699000000 696000000 26000000 28000000 25000000 68000000 92000000 83000000 -25000000 -28000000 -23000000 0 2000000 1000000 3000000 0 0 -2000000 -10000000 -3000000 120000000 140000000 129000000 136000000 147000000 247000000 6903000000 8485000000 7578000000 -6000000 0 -20000000 26000000 28000000 25000000 552000000 578000000 599000000 3000000 0 0 2000000 10000000 2000000 726000000 1113000000 730000000 133000000 20000000 2000000 4000000 4000000 3000000 0 2000000 1000000 -270000000 191000000 -697000000 -300000000 1000000 -40000000 30000000 190000000 -657000000 -5000000 -860000000 336000000 6886000000 6903000000 8485000000 -6502000000 -7787000000 -7321000000 0 0 16000000 556000000 551000000 588000000 -752000000 -1022000000 -644000000 134000000 477000000 124000000 -201000000 -304000000 110000000 -1000000 0 0 -46000000 987000000 -304000000 -6284000000 -6502000000 -7787000000 0.14 0.13 0.11 0.79 0.79 0.83 0.01 0.01 0.01 0.06 0.07 0.05 746000000 736000000 740000000 744000000 747000000 3790000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by geographical area, of Provisions for taxes and other legal contingencies and Other provisions is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by Spanish companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,033 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other EU companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">694 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Recognised by other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,650 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,530 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">736</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt 0 12.25pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of which GBP 461 million (EUR 528.1 million) correspond to the Financial Conduct Authority (FCA) review of the Vehicle Finance Market as detailed in note 25.e.ii.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The types of provision were determined by grouping together items of a similar nature:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">727 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for employment-related proceedings (Brazil)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for other legal proceedings</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,675 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for customer remediation</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">826 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for restructuring</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,993</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,051</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2033000000 1924000000 1921000000 310000000 694000000 433000000 2650000000 2433000000 2280000000 1530000000 1445000000 1618000000 736000000 654000000 373000000 4993000000 5051000000 4634000000 461000000 528100000 720000000 727000000 745000000 594000000 458000000 611000000 1675000000 1532000000 1359000000 826000000 1001000000 454000000 279000000 589000000 596000000 899000000 744000000 869000000 4993000000 5051000000 4634000000 524000000 185000000 384000000 159000000 2 0 0 0 0 0 0 0 0 553000000 5040000000 515000000 162000000 293000000.0 353300000 183000000 213600000 461000000 528100000 66000000 57000000 66000000 11000000 P5Y 155300000 2277650000 680000000 535000000 0 112000000 61900000 67800000 51400000 0.333 35500000 8000000 9600000 5874300000 1391900000 3191700000 756300000 2682600000 635600000 99700000 23600000 1245300000 293800000 730500000 172400000 2642000000 626000000.0 4766400000 1129400000 735900000 174400000 1107900000 262500000 0.49 4 36700000 36700000 0.50 1 2 2 Other liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">707 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">767 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued expenses and deferred income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,018 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,212 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other liabilities in the consolidated balance sheets is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Transactions in transit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">707 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">767 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued expenses and deferred income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,018 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,212 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 707000000 910000000 767000000 9018000000 9003000000 9136000000 6212000000 6431000000 7695000000 15937000000 16344000000 17598000000 Tax matters<div style="margin-bottom:6pt;margin-top:9pt"><span id="ia13527740d5a4db5b27663e9d64a85bf"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:120%">a) Consolidated Tax Group</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to current Spanish regulation, the Tax Consolidated Group includes Banco Santander, S.A. as the parent company and, as subsidiaries, those Spanish subsidiaries that meet the requirements established by the regulations on the taxation of consolidated groups.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The other Group companies file income tax returns in accordance with the tax regulations applicable to them.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="if90a294256b1431dbbeb0da8e9af92dd"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Years open for review by the tax authorities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the partial scope tax audit of Corporate Income Tax for fiscal year 2020 and Value Added Tax for fiscal years 2020 to 2022, initiated in April 2024, in December 2025 the Spanish tax authorities issued a Corporate Income Tax assessment, which has been appealed before the Central Economic-Administrative Court, and the VAT assessments were still pending at the close of the financial year. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main appeals filed against assessments issued in prior audits remain pending before the Central Economic-Administrative Court (Corporate Income Tax and Value Added Tax for fiscal years 2017 to 2019) and before the National Appellate Court (Corporate Income Tax for fiscal years 2003 to 2015). Banco Santander, S.A., as the parent company of the Tax Consolidated Group, considers, based on the advice of its external legal counsel, that the adjustments made should not have a significant impact on the consolidated annual accounts, as there are strong arguments for defense in the appeals filed against these assessments. Consequently, no provision has been recognized in this respect. Furthermore, it should be noted that, in those cases where it was considered appropriate, the available mechanisms have been used to avoid international double taxation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the date of approval of these consolidated annual accounts, subsequent years up to and including 2025, are subject to review.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The other entities have the corresponding years open for review, pursuant to their respective tax regulations.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Due to possible different interpretations which can be made of the tax regulations, the outcome of the tax audits of the rest of years subject to review might give rise to contingent tax liabilities which cannot be objectively quantified. However, the Group’s tax advisers consider that it is unlikely that such tax liabilities will materialize, and that in any event the tax charge arising therefrom would not materially affect the Group’s consolidated financial statements.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div id="i6fd1dd5c1fb542c1b16bf0ed6ef93e27_1015"></div><div style="margin-bottom:6pt"><span id="i26613c9677a14534a8270b0d6e89e2b6"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Reconciliation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit (loss) before tax:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,681</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,005 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,950</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,631</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,027 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax at tax rate applicable in Spain (30%)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,189</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,708 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By the effect of application of the various tax rates applicable in each country</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(103)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(42)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(224)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(183)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of profit or loss of associates and joint ventures</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(213)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">USA electric vehicle leasing incentives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(259)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Global minimum tax Pillar Two</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of reassessment of deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(101)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Permanent differences<br/>and other </span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income tax</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,131</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effective tax rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.87%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.77</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.98</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,723</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Discontinued operations</span></div><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(Note 37)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,666</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(535)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,292)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax (receipts)/payments</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,954</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,880 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,214 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0aa886292ebb45f495e193e815c05936"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Tax recognised in equity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items not reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or (-) losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at fair value with changes in results attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(440)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(919)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(732)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(204)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(325)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(561)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i66a5b4c0da6f4a2389480e2125b425df"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Deferred taxes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Tax assets' in the consolidated balance sheets includes debit balances with the Public Treasury relating to deferred tax assets. 'Tax liabilities' includes the liability for the Group’s various deferred tax liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with EU Regulation 575/2013 on prudential requirements for credit institutions and investment firms (CRR), and subsequently amended by EU Regulation 2019/876 of the European Parliament and of the Council, those deferred tax assets that do not rely on future profitability arising from temporary differences (referred to hereinafter as 'monetizable deferred tax assets’), meeting certain conditions, should not be deducted from regulatory capital and should not be risk-weighted at 250% according to the thresholds set out in Article 48 of the said Regulation, but shall apply a risk weight of 100% under Article 39.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.468%"><tr><td style="width:1.0%"></td><td style="width:27.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.180%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,725</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,219</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,725 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,865 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,494 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non-deductible provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,970 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,965 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">810 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Loan losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,471 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,341 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,254 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">426 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,851 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">832 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">885 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,060 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,904</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,904 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,276 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,086 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,980 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,714 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments in Group companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">427 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:0.46pt">In 2023, the Spanish Economic Administrative Court ruled that in 2017 the requirements for the conversion of part of the monetizable assets of Popular Group into a credit against the Tax Administration were met, allowing the conversion to EUR 995 million. Banco Santander was refunded without impact on results. The favourable Economic Administrative Court decision was declared harmful to the public interests and challenged at the National Appellate Court by the Tax Administration. The estimation of this appeal, which is pending at the National Appellate Court, would imply that Grupo Santander should repay the amount refunded and would, once again, credit these monetizable assets with no impact on results except for late payment interests. However, it is considered that there are strong defense arguments in relation to this appeal.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander only recognises deferred tax assets for temporary differences or tax loss and tax credit carryforwards where it is considered probable that consolidated entities that generated them will have sufficient future taxable profits against which they can be utilised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets and liabilities are reassessed at the reporting date in order to ascertain whether any adjustments need to be made on the basis of the findings of the analyses performed.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These analyses take into consideration all evidence, both positive and negative, of the recoverability of such deferred tax assets, among which we can find, (i) the results generated by the different entities in previous years, (ii) the projections of results of each entity or fiscal group, (iii) the estimation of the reversal of the different temporary differences according to their nature and (iv) the period and limits established under the applicable legislation of each country for the recovery of the different deferred tax assets, thus concluding on the ability of each entity or fiscal group to recover the deferred tax assets registered.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The projections of results used in this analysis are based on the financial planning approved by both the local directions of the corresponding units and by the Group's directors. The Group's budget estimation process is common for all units. The Group's management prepares its financial planning based on the following key assumptions: </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">a)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.31pt">Microeconomic variables of the entities that make up the fiscal group in each location: the existing balance structure, the mix of products offered and the commercial strategy at each moment defined by local directions are taken into account, based on the competition, regulatory and market environment.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">b)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.01pt">Macroeconomic variables: estimated growths are based on the evolution of the economic environment considering the expected evolution in the gross domestic product of each location, and the forecasts of interest rates, inflation and exchange rates fluctuations. These data are provided by the Group’s Studies Service.</span></div><div><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the Group performs retrospective contrasts (backtesting) on the variables projected in the past. The differential behaviour of these variables with respect to the real market data is considered in the projections estimated in each fiscal year. Thus, and in relation to Spain, the deviations identified by the Directors in recent past years are due to a combination of exogenous factors, mainly the changing impact of the macroeconomic environment and competition, and management actions, such as the acceleration of restructuring plans, investment in digitalisation, and the optimisation of capital and shareholder returns.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, and given the degree of uncertainty of these assumptions on the referred variables, the Group conducts a sensitivity analysis of the most significant assumptions considered in the deferred tax assets’ recoverability analysis, considering any reasonable change in the key assumptions on which the projections of results of each entity or fiscal group and the estimation of the reversal of the different temporary differences are based.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to Spain, the sensitivity analysis has consisted of making reasonable changes to the key assumptions, including adjusting 50 basis points for growth (gross domestic product) and adjusting 50 basis points for inflation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Relevant information is set forth below for the main countries which have recognised deferred tax assets:</span></div><div style="margin-bottom:3pt"><span id="if142b00e448b431b8a9c014068ed5e1c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Spain</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets recognised at the Consolidated Tax Group total EUR 7,183 million, of which EUR 5,069 million were for monetizable temporary differences with the right to conversion into a credit against the tax administration as explained before, EUR 1,433 million for other temporary differences and EUR 681 million for tax losses and credits.</span></div><div style="margin-bottom:3pt"><span id="i1fd813ebcb214787a9600f5c2281a9eb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Brazil</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> assets recognised in Brazil total EUR 7,465, of which EUR 5,606 million were for monetizable temporary differences, EUR 1,150 for other temporary differences and EUR 709 for tax losses </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a9e18696013435e838194aee4c4af4e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Mexico</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">The deferred tax assets recognized in Mexico total EUR 1,542, of which EUR 1,511 were for temporary differences and EUR 31 for tax losses and credits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i405ed2d890bf4a1bb9300f668b1d6752"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">United States</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The deferred tax assets recognised in the United States total EUR 1,026, of which EUR 253 were for temporary differences and EUR 773 for tax losses and credits. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group estimates that the recognised deferred tax assets for temporary differences, tax losses and credits in the different jurisdictions could be recovered in a maximum period of 15 years.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:20.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.608%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassification no-current asset held for sale</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(102)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,130)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,944</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,025 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,276)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(232)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,904)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(572)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,064 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,904)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(364)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(66)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,670)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(139)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,531)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(937)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(547)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,276)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(547)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(428)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,528)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(130)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(422)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(97)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(354)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(787)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(127)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(760)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(83)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">Also, the Group did not recognise deferred </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:120%">tax assets amounting to approximately EUR 11,240 million of which EUR 6,420 million relate to tax losses, EUR 3,430 million to tax credits, and EUR 1,390 million to other concepts.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="ic793f70263a0443cb47037278ae931ba"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">f) Global Minimum Tax Pillar Two </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Global Minimum Tax Model Rules, known as Pillar Two and approved in 2021 by the OECD Inclusive Framework, require multinational groups with revenues exceeding EUR 750 million to be subject to a minimum tax rate of 15% on adjusted accounting profit, calculated on a jurisdiction-by-jurisdiction basis. The OECD has complemented these rules through the approval of administrative guidance and a document on transitional safe harbours applicable to fiscal years 2024 to 2026. In January 2026, the application of the transitional safe harbours was extended for an additional year, and new permanent safe harbours were approved with the aim of simplifying the application of the Model Rules and implementing the 'side-by-side agreement' reached in June 2025 within the G7, which will apply from 2026 to multinational groups with a U.S. parent company.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the European Union, in December 2022, the Council approved Directive (EU) 2022/2523 on ensuring a global minimum level of taxation for multinational enterprise groups and large scale domestic groups in the Union, setting 1 January 2024 as the entry-into-force date of the new minimum taxation. The Directive implements the OECD Inclusive Framework Pillar Two rules within the European Union, while also extending their application to large domestic groups.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Spain, on 20 December 2024, Law 7/2024 was approved, establishing a Supplementary Tax to ensure a global minimum level of taxation for multinational groups and large domestic groups, effective as from 1 January 2024. This Law transposes Directive (EU) 2022/2523 and also establishes a domestic supplementary tax aligned with the Pillar Two rules. In April 2025, Royal Decree 252/2025 was published, approving the implementing regulations of the Law.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With regard to other jurisdictions, the rules on the new global minimum tax are already in force in most of the main geographies in which the Group operates, with the exception of Mexico, Chile, and Argentina.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Pillar Two rules require calculating, in each jurisdiction in which the Group operates, the effective tax rate resulting from comparing income tax expense with accounting profit, both subject to certain adjustments. If, in a given jurisdiction, this rate is below 15%, Banco Santander, as the ultimate parent entity, must pay the difference to the Spanish tax authorities as a supplementary tax, unless a domestic supplementary tax aligned with the Pillar Two rules (a qualified domestic tax) has been approved in that jurisdiction, in which case the amount will be paid to the local tax authorities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both Banco Santander, S.A., as the ultimate parent entity, and the subsidiaries resident in jurisdictions where a qualified domestic tax has been approved, have estimated the supplementary taxes accrued, taking into account the application of the transitional safe harbours in fiscal years 2024 and 2025.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These safe harbours mean that the supplementary tax, whether at the level of the parent entity or in jurisdictions that have adopted a qualified domestic tax, is not payable provided that any of the </span><span style="color:#000000;font-family:'Aptos',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">f</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ollowing conditions are met: (i) the effective tax rate calculated based on country-by-country reporting data exceeds 15% in 2024 and 16% in 2025; (ii) the Group’s presence in a jurisdiction is not significant if below EUR 10 million and profit before tax is below EUR 1 million; or (iii) profit before tax is lower than the amount resulting from the sum of tangible fixed assets and employee expenses adjusted by a certain percentage that varies annually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This supplementary tax expense recognized by the Group has not been significant, as the effective tax rates calculated in accordance with the Pillar Two rules in most of the jurisdictions in which the Group operates are above 15%. Nevertheless, the new regulations require the provision of a large amount of information to the tax authorities in the jurisdictions where the Group is present, broken down on an entity-by-entity basis, which involves a significant administrative burden.</span></div><div style="margin-bottom:6pt;text-align:justify"><span id="iea97509ef1424cf792cf0322f7bedc09"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">g) Tax reforms</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025 and prior years, the following significant tax reforms were approved:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Spain, in 2022, Law 38/2022 was approved, establishing a temporary levy payable by credit institutions and financial credit institutions in fiscal years 2023 and 2024. The levy amounted to 4.8% of the sum of net interest income and net fees and commissions from the activity carried out in Spain in the previous year. The payment obligation arose on the first day of each fiscal year. The expense recognized for this temporary levy amounted to EUR 224 million in 2023 and EUR 334 million in 2024. However, the tax authorities have audited both years and consider that an additional amount is payable due to differences in the criteria applied in determining the taxable base, which are currently being discussed by the Bank. Furthermore, the Law established, for 2023, a 50% limitation on the inclusion of individual tax losses in the taxable base of the Tax Consolidated Group, setting a 10-year period for the reversal of this positive adjustment.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 December 2024, Law 7/2024 was approved, which, among other tax measures, introduced a tax on the net interest margin and commissions earned in Spanish territory by certain financial institutions, with accrual on 1 January of fiscal years 2025, 2026 and 2027. The taxable base, with certain changes compared to that of the temporary levy, is now calculated on an individual basis for each financial institution, and the tax liability is determined in accordance with a progressive rate scale ranging from 1% to 7%, after applying certain deductions. On 24 December 2024, Royal Decree-Law 9/2024 was published in the Official State Gazette, amending certain technical aspects of the tax and postponing its accrual to 31 January of those fiscal years. This Royal Decree-Law was abolished on 22 January 2025 and, therefore, no expense was recognized for the new tax in respect of 2024 income in accordance with the legislation in force at that time (EUR 392 million were paid during the year). In 2025, the expense corresponding to income accrued during the financial year, recognised as income tax, amounts to €353 million and will be paid in 2026. The Group considers that both the temporary levy and the tax on net interest margin and fees and commissions are contrary to the Spanish and European Union constitutional and legal principles and has therefore disputed the corresponding self-assessments, requesting a refund of the amounts paid.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the aforementioned Law 7/2024 once again establishes, for fiscal years 2024 and 2025, a 50% limitation on the inclusion of individual tax losses in the taxable base of the Tax Consolidated Group, setting a 10-year period for the reversal of this positive adjustment. Likewise, this Law reintroduces the limits provided for in Royal Decree-Law 3/2016—which was declared unconstitutional by the Constitutional Court ruling of 18 January 2024—on the utilization of monetizable deferred tax assets and the offsetting of tax losses (with the limit reduced from 70% to 25%), as well as on the application of deductions to avoid double taxation (50%), and also reinstates the mandatory reversal of impairments on shareholdings that were deductible in prior years by third parties, regardless of any recovery in the value of the investees.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Brazil, Law 14,467 enacted in 2022 with effect from 2025, amends the rules on the tax deductibility of credit provisions in financial institutions, bringing those rules closer to the accounting recognition criterion. In 2024, Law 15,078 was published, allowing the recovery of the accumulated balance of provisions of nondeductible loans at the end of 2024 within a seven-year period (with the option to extend to ten years) from January 2026.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, several Legislative Decrees and decisions of the Federal Supreme Court were published concerning the Financial Transactions Tax (IOF), amending the applicable rules and setting new rates for its various categories: (i) IOF Credit (local loans to legal entities increased from 1.88% to a maximum of 3.37% per annum); (ii) IOF Insurance (a 5% rate was introduced on the excess of certain contributions to life insurance policies); and (iii) IOF Foreign Exchange (payments for the import of services and royalties paid abroad rose from 0.38% to 3.5%).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2023, Congress approved Constitutional Amendment 132/2023 on indirect taxation reform, initiating the legislative development process, which culminated in the enactment of Supplementary Laws 214/2025 in January 2025 and 227/2026 in January 2026. This reform replaces the various existing indirect taxes in Brazil, -applicable at the federal, regional and municipal levels-, with two taxes administered at federal level (contribution on goods and services and selective tax) and other administered at regional and municipal levels (tax on goods and services). The new system will be gradually implemented over a transitional period of 8 years (from 2026 to 2033). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2024, Law No. 14.973/2024 partially extended, until 31 December 2027, an optional social contribution regime for employees applicable to certain sectors of activity, allowing such contributions to be calculated as a percentage of gross income (ranging from 1% to 4.5%, depending on the sector), rather than under the general regime, which applies a 20% rate to employee payroll.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In November 2025, Law No. 15.270 was published which, among other measures, introduced a 10% withholding tax on ordinary dividends paid abroad as from 1 January 2026.</span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2025, Supplementary Law No. 224 was enacted, which, among other measures: (i) increased the withholding tax on Interest on equity (juros sobre o capital próprio) from 15% to 17.5%; (ii) raised the CSLL rate applicable to non-bank financial institutions as from 1 April 2026 on a gradual basis: payment institutions to 12% in 2026 and 2027, and 15% as from 2028; and credit, financing and capitalisation companies to 17.5% in 2026 and 2027, and 20% as from 2028 (the rate for banks remains at 20% and for other financial institutions at 15%), and (iii) introduced an automatic 10% reduction in the amount of certain federal tax incentives as from 2026.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Argentina, as from 23 December 2024, Tax for an Inclusive and Solidarity Argentina (PAIS), which imposed certain foreign currency purchasing operations in order to make payments abroad, has been eliminated. Likewise, General Resolution (AFIP) No. 5,554 repeals, with effect from 1 September 2024, the obligation to withhold VAT and income tax on electronic payments. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Chile, Law 27,713 on Tax Compliance Obligations was published in October 2024, amending, among other instruments, the Tax Code, the Income Tax Law and the Value Added Tax Law. Additionally, in July 2024, Law No. 21,681 was published, which, among other measures, introduced a new Substitute Tax of Final Tax, allowing the distribution of taxable profits at a fixed rate of 12% until 31 January 2025, thereby reducing the fiscal cost of such distributions.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Mexico, the Federal Revenue Law for Fiscal Year 2026 was published in November 2025, limiting the deductibility of contributions paid to the Institute for the Protection of Bank Savings (IPAB) to 25% of their amount and amending the tax treatment of loan loss provisions, bringing them into line with the regime applicable to other entities.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the United States, Law 119-21 ('One, Big, Beautiful Bill Act') was passed in July 2025, introducing significant regulatory changes. Notable among these are the repeal of tax credits linked to electric vehicles as from 1 October 2025 (while preserving those already generated), the elimination of the obligation to capitalise and amortise the costs of in-house software development (which will now be deductible), and the reintroduction of accelerated tax depreciation for investments in certain tangible assets.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Portugal, a gradual reduction of the corporate income tax rate has been approved, falling from 20% in 2025 to 19% in 2026, 18% in 2027 and 17% in 2028 and subsequent years. Including the municipal surtax of up to 1.5% and the state surtax of up to 9%, this results in an aggregate combined rate of 30.50%, 29.50%, 28.50% and 27.50%, respectively.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Poland, one of the most significant changes to the tax framework is the increase in the corporate income tax rate for banks, from 19% to 30% in 2026, followed by a reduction to 26% in 2027 and 23% in 2028 and subsequent years.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Germany, the Tax Investment Programme to Strengthen Germany’s Economic Base was passed in July. It provides for a gradual annual one-percentage-point reduction in the corporate income tax rate from 2028, falling from the current 15% to 10% by 2032. In Germany, the combined corporate income tax and municipal trade tax rate—which also applies to business profits—is currently 32.45% and will decrease to 27.18% by 2032.</span></div></div></div><div style="margin-bottom:6pt"><span id="icc86d6abde6f48a7b323d558df08bc8f"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:115%">h) Other information </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In compliance with the disclosure requirement established in the listing rules instrument 2005 published by the UK Financial Conduct Authority, it is hereby stated that shareholders of the Bank resident in the United Kingdom will be entitled to a tax credit for taxes paid abroad in respect of withholdings that the Bank has to pay on the dividends to be paid to such shareholders if the total income of the dividend exceeds the amount of exempt dividends of GBP 500 for the year 2025/26 (GBP 500 for the year 2024/25). The shareholders of the Bank resident in the United Kingdom who hold their ownership interest in the Bank through Santander Nominee Service will be informed directly of the amount thus withheld and of any other data they may require to complete their tax returns in the United Kingdom. The other shareholders of the Bank resident in the United Kingdom should contact their bank or securities broker.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A., is part of the Large Business Forum and has adhered since 2010 to the Code of Good Tax Practices in Spain. Also Santander UK is a member of the HMRC’s (His Majesty's Revenue and Customs) Code of Practice on Taxation in the United Kingdom and Santander Portugal has adhered to the Code of Good Tax Practices in Portugal, actively participating in the cooperative compliance programs being developed by these Tax Administrations.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reconciliation of the income tax expense calculated at the tax rate applicable in Spain (30%) to the income tax expense recognised and the detail of the effective tax rate are as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit (loss) before tax:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,681</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,005 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,950</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,631</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,027 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax at tax rate applicable in Spain (30%)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,189</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,708 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By the effect of application of the various tax rates applicable in each country</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(103)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">264</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United Kingdom</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(42)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(60)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Poland</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(224)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(183)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(164)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of profit or loss of associates and joint ventures</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(213)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(184)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">USA electric vehicle leasing incentives</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(259)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Global minimum tax Pillar Two</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effect of reassessment of deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(101)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Permanent differences<br/>and other </span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income tax</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,131</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Effective tax rate</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.87%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.77</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25.98</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 29.34pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Continuing operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,723</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Discontinued operations</span></div><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(Note 37)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Current taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,666</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Deferred taxes</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(535)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,292)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax (receipts)/payments</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,954</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,880 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,214 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Calculated by applying the difference between the tax rate applicable in Spain and the tax rate applicable in each jurisdiction to the profit or loss contributed to the Group by the entities which operate in each jurisdiction.</span></div> 0.30 0.30 0.30 18681000000 17347000000 15005000000 1950000000 1680000000 1454000000 20631000000 19027000000 16459000000 0.30 0.30 0.30 6189000000 5708000000 4938000000 -103000000 115000000 -100000000 264000000 413000000 198000000 -42000000 -53000000 -51000000 -60000000 -25000000 -28000000 -36000000 -33000000 -28000000 -224000000 -183000000 -164000000 -207000000 -213000000 -184000000 -203000000 -258000000 -259000000 6000000 14000000 0 -101000000 68000000 0 -450000000 -151000000 -119000000 5131000000 5283000000 4276000000 0.2487 0.2777 0.2598 4723000000 4844000000 3880000000 408000000 439000000 396000000 5666000000 4855000000 5568000000 535000000 -428000000 1292000000 4954000000 5880000000 5214000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to the income tax recognised in the consolidated income statement, the Group recognised the following amounts in consolidated equity in 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items not reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains or (-) losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at fair value with changes in results attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(440)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(919)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(732)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(204)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(214)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(325)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(561)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 115000000 85000000 358000000 63000000 172000000 302000000 4000000 -4000000 20000000 48000000 -83000000 36000000 -440000000 54000000 -919000000 -207000000 -205000000 -732000000 -204000000 261000000 -214000000 3000000 0 0 -32000000 0 0 0 -2000000 27000000 -325000000 139000000 -561000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of deferred tax assets, by classification as monetizable or non-monetizable assets, and of deferred tax liabilities at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.468%"><tr><td style="width:1.0%"></td><td style="width:27.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.783%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.180%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Monetizable</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,725</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,219</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,725 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,865 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,494 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non-deductible provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,970 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,965 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">810 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Loan losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,471 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,341 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pensions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,254 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">426 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,851 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">832 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">885 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,060 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tax liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,904</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,904 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,276 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,086 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of financial instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,980 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Valuation of tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,714 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Investments in Group companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">427 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">403 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">378 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:112%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:112%;padding-left:0.46pt">In 2023, the Spanish Economic Administrative Court ruled that in 2017 the requirements for the conversion of part of the monetizable assets of Popular Group into a credit against the Tax Administration were met, allowing the conversion to EUR 995 million. Banco Santander was refunded without impact on results. The favourable Economic Administrative Court decision was declared harmful to the public interests and challenged at the National Appellate Court by the Tax Administration. The estimation of this appeal, which is pending at the National Appellate Court, would imply that Grupo Santander should repay the amount refunded and would, once again, credit these monetizable assets with no impact on results except for late payment interests. However, it is considered that there are strong defense arguments in relation to this appeal.</span></div> 10725000000 8219000000 10309000000 8861000000 11099000000 9668000000 2354000000 2367000000 2393000000 10725000000 5865000000 10309000000 6494000000 11099000000 7275000000 1970000000 1784000000 1965000000 810000000 1486000000 1543000000 8471000000 1341000000 7880000000 1103000000 8248000000 1577000000 2254000000 426000000 2429000000 423000000 2851000000 665000000 832000000 885000000 1060000000 5904000000 6276000000 6086000000 5904000000 6276000000 6086000000 1980000000 2412000000 2059000000 2714000000 2797000000 2594000000 427000000 403000000 378000000 995000000 0.0050 0.0050 7183000000 5069000000 1433000000 681000000 7465000000 5606000000 1150000000 709000000 1542000000 1511000000 31000000 1026000000 253000000 773000000 P15Y <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Tax assets - Deferred and Tax liabilities - Deferred in the last three years were as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:20.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.608%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassification no-current asset held for sale</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(102)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,130)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,944</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,025 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,276)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(572)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(232)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,904)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(572)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,064 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,904)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(364)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(66)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,670)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(139)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,367 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,531)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(937)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(547)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,276)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(547)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,276)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(428)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,528)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.492%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 1 January 2023</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to income</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign currency balance translation differences and other items</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(Charge)/Credit to asset and liability valuation adjustments</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Acquisition for the year (net)</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at 31 December 2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(130)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(422)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(97)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax losses and tax credits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,778 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,009 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(354)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(422)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which monetizable</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,660 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(787)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Deferred tax liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,428)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,086)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Temporary differences</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,428)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(127)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(760)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(83)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 19170000000 1107000000 -102000000 -132000000 -1130000000 31000000 18944000000 2367000000 82000000 -107000000 0 0 12000000 2354000000 16803000000 1025000000 5000000 -132000000 -1130000000 19000000 16590000000 10309000000 455000000 -39000000 0 0 10725000000 6276000000 572000000 -108000000 232000000 -1064000000 0 5904000000 6276000000 572000000 -108000000 232000000 -1064000000 -4000000 5904000000 -12894000000 535000000 6000000 -364000000 66000000 -31000000 -13040000000 20767000000 119000000 -1670000000 -41000000 -5000000 19170000000 2393000000 114000000 -139000000 0 -1000000 2367000000 18374000000 5000000 -1531000000 -41000000 -4000000 16803000000 11099000000 147000000 -937000000 0 0 10309000000 6086000000 547000000 -142000000 -215000000 0 6276000000 6086000000 547000000 -142000000 -215000000 0 6276000000 -14681000000 -428000000 -1528000000 174000000 5000000 -12894000000 20787000000 629000000 -130000000 -422000000 -97000000 20767000000 1778000000 392000000 224000000 0 -1000000 2393000000 19009000000 237000000 -354000000 -422000000 -96000000 18374000000 10660000000 1232000000 -787000000 0 -6000000 11099000000 6428000000 -663000000 -3000000 338000000 -14000000 6086000000 6428000000 -663000000 -3000000 338000000 -14000000 6086000000 -14359000000 1292000000 -127000000 -760000000 83000000 -14681000000 11240000000 6420000000 3430000000 1390000000 224000000 334000000 392000000 353000000 500 500 Non-controlling interests<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Non-controlling interests include the net amount of the equity of subsidiaries attributable to equity instruments that do not belong, directly or indirectly, to the Bank, including the portion attributed to them of profit for the year.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i02ea9a54c8de4ab78a99b48ffccca763"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by Group company, of 'Equity - Non-controlling interests' is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,670 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,320 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,934 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,815 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,422 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,397 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,493 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,179</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(Loss) for the year attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">230 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">604 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,578</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">It included, as of 31 December 2023, perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of the entity itself amounting EUR 576 million. During 2024, the last outstanding issuance held by third parties for GBP 500 million (EUR 590 million) was redeemed.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i6c8562a07d4344eaa0bfcc6ba4bcf4fa"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Changes</span></div><div style="margin-bottom:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Non-controlling interests are summarised as follows:</span></div><div style="margin-bottom:2pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,481 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(461)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Profit attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Modification of participation rates</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(364)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividends paid to minority shareholders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(896)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(660)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(748)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Changes in capital and other concepts</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,578</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Include the effects of the accelerated placements of 3.5% and 5.2% of the share capital of Santander Bank Polska S.A. in 2025 and 2024, respectively, and the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2023 (see note 3.b).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes the effects of the amortization of AT1 UK by EUR 590 million at closing of fiscal year 2024.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The foregoing changes are shown in the consolidated statement of changes in total equity.</span></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i09a6330868ec4ef3988d62b7a0b4a862"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Other information</span></div><div style="margin-bottom:12pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial information on the subsidiaries with significant non-controlling interests at 31 December 2025 is summarised below:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.392%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander - Chile</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Grupo PSA</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,205 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,826 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">193,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,604 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,601</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,724 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,602 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,714 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,305 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total profit</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by Group company, of 'Equity - Non-controlling interests' is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,670 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,320 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,934 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,815 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,590 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,422 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,397 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,493 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">875 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,179</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,556</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit/(Loss) for the year attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Grupo PSA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">230 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">604 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other companies</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,578</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">It included, as of 31 December 2023, perpetual Santander UK plc equity instruments convertible at the option of Santander UK plc into preferred shares of the entity itself amounting EUR 576 million. During 2024, the last outstanding issuance held by third parties for GBP 500 million (EUR 590 million) was redeemed.</span></div> 2670000000 2320000000 1934000000 1815000000 1725000000 1590000000 1422000000 1364000000 1379000000 1397000000 1257000000 1493000000 875000000 890000000 1315000000 8179000000 7556000000 7711000000 1399000000 1170000000 1107000000 230000000 217000000 285000000 313000000 271000000 235000000 184000000 233000000 182000000 604000000 413000000 347000000 68000000 36000000 58000000 9578000000 8726000000 8818000000 576000000 500000000 590000000 <div style="margin-bottom:2pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Non-controlling interests are summarised as follows:</span></div><div style="margin-bottom:2pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:57.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.791%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,481 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(461)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">297 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Profit attributable to non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,399 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Modification of participation rates</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">339 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(258)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Change of perimeter</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(364)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Dividends paid to minority shareholders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(896)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(660)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(748)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Changes in capital and other concepts</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,578</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,726</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Include the effects of the accelerated placements of 3.5% and 5.2% of the share capital of Santander Bank Polska S.A. in 2025 and 2024, respectively, and the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2023 (see note 3.b).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes the effects of the amortization of AT1 UK by EUR 590 million at closing of fiscal year 2024.</span></div> 8726000000 8818000000 8481000000 73000000 -461000000 297000000 779000000 369000000 40000000 1399000000 1170000000 1107000000 339000000 395000000 -258000000 -5000000 -8000000 -364000000 896000000 660000000 748000000 -58000000 -528000000 303000000 9578000000 8726000000 8818000000 0.035 0.052 590000000 <div style="margin-bottom:12pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The financial information on the subsidiaries with significant non-controlling interests at 31 December 2025 is summarised below:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.392%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander (Brasil) S.A.</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Banco Santander - Chile</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Grupo PSA</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78,186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,205 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,826 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">193,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,604 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,073</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,601</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,724 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,602 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,714 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,305 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total profit</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">460</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 78186000000 209453000000 68205000000 47826000000 70380000000 193380000000 62604000000 43717000000 7806000000 16073000000 5601000000 4109000000 3724000000 12602000000 2714000000 1305000000 1528000000 2388000000 1043000000 460000000 Other comprehensive income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balances of 'Other comprehensive income' include the amounts, net of the related tax effect, of the adjustments to assets and liabilities recognised in equity through the consolidated statement of recognised income and expense. The amounts arising from subsidiaries are presented, on a line by line basis, in the appropriate items according to their nature.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Respect to items that may be reclassified to profit or loss, the consolidated statement of recognised income and expense includes changes in other comprehensive income as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Revaluation gains (losses): includes the amount of the income, net of the expenses incurred in the year, recognised directly in equity. The amounts recognised in equity in the year remain under this item, even if in the same year they are transferred to the income statement or to the initial carrying amount of the assets or liabilities or are reclassified to another line item.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:27pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amounts transferred to income statement: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the income statement.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Amounts transferred to initial carrying amount of hedged items: includes the amount of the revaluation gains and losses previously recognised in equity, even in the same year, which are recognised in the initial carrying amount of assets or liabilities as a result of cash flow hedges.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other reclassifications: includes the amount of the transfers made in the year between the different 'Other comprehensive income' items.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i37ce6061130a4953b42677c344ab40f3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown of Other comprehensive income - Items that will not be reclassified in results and Items that can be classified in results</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.504%"><tr><td style="width:1.0%"></td><td style="width:69.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(37,974)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(36,595)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(35,020)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,121)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,212)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains and losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,896)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,404)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,324)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other valuation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(250)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(432)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(208)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(264)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(33,853)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,838)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(29,808)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,343)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,475)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,375)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,510)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives. Cash flow hedges (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">333 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(740)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(555)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets classified as held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(590)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(395)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(427)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(319)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net amount of taxes and minorities</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i85def64fdd5244ef832565bedcad1013"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Other comprehensive income- Items not reclassified to profit or loss – Actuarial gains or (-) losses on defined benefit pension plans </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'Other comprehensive income  —Items not reclassified to profit or loss—  Actuarial gains or (-) losses on defined benefit pension plans' include the actuarial gains and losses and the return on plan assets, less the administrative expenses and taxes inherent to the plan, and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset), attributed to the group net of taxes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the amount of actuarial losses (net of actuarial gains) recognized in the consolidated statement of recognised income was EUR 73 million, which corresponds to:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In first place, due to the addition against equity of 2025 amounting to EUR 220 million - see note 25.b -, with the following breakdown:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR 117 million in the cumulative actuarial losses relating to the Group´s businesses in the UK, mainly due to the evolution of the asset portfolio. These losses have been partially offset by the evolution experienced in the discount rate-increase from 5.54% to 5.58%- in long-term inflation -decrease from 3.11% to 2.90%- and in other demographic hypotheses.</span></div><div style="margin-bottom:9pt;text-indent:10.91pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR 116 million in accumulated actuarial losses corresponding to the Group’s business in Brazil, mainly due to the collective experience and the evolution of the asset portfolio. These losses have been partially offset by the evolution experienced by the discount rate -increase from 10.58% to 10.65% in the main pension benefits and 10.50% to 10.52% in medical benefits-.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Decrease of EUR 33 million in the accumulates actuarial losses relating to the Group´s entities in Spain, mainly due to the evolution experienced by the discount rate -increase from 3.00% to 3.75%-.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Increase of EUR 20 million in the accumulated actuarial losses corresponding to the Group's businesses in other geographical areas.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In second place, due to the evolution of exchange rates, a EUR 147 million decrease.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4b537130286940c58c0e2f4aad091974"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Other comprehensive income - Items that will not be reclassified in results - Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since the entry into force of IFRS 9, no impairment analysis is performed of equity instruments recognised under 'Other comprehensive income'. IFRS 9 eliminates the need to carry out the impairment estimate on this class of equity instruments and the reclassification to profit and loss on the disposal of these assets, being recognised at fair value with changes in equity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the composition of the balance as of 31 December 2025, 2024 and 2023 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1326)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,279)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,926 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,408)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(250)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">985 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,359)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,235)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">288 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,328)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,289)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">299 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,753 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,399)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(432)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">728 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,780 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,348)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,160)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,173)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,141)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">252 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,223 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,311)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(776)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">219 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,193)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(974)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="idcd264dac29b45429a3deab37d601ee3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Other comprehensive income - Items that may be reclassified to profit or loss - Hedge of net investments in foreign operations (effective portion) and exchange differences</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The change in 2025 reflects the depreciation of the US dollar, pound sterling, Argentine peso, Chilean peso and Brazilian real and the positive effect of the appreciation of the Mexican peso, whereas the change in 2024 reflected the positive effect of the appreciation of pound sterling, the US dollar and Polish zloty and the negative effect of the depreciation of the Brazilian real, Argentine peso, Mexican peso and Chilean peso. The change in 2023 reflected the positive effect of the appreciation of the Brazilian real, pound sterling, Polish zloty and the Mexican peso and the negative effect of the depreciation of the US dollar, Argentine peso and Chilean peso.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Of the change in the balance in these years, a </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of EUR 287 million, a loss of EUR 568 million and a profit of EUR 249 million in 2025, 2024 and 2023, respectively relate to the measurement of goodwill.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by country is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:42.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.729%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32,818)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30,377)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28,194)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19,412)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19,293)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16,340)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,137)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,995)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,942)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,125)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,444)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,926)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,857)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,531)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,217)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(43)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(709)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(786)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,047 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,005)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(912)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(795)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of translation differences by currency is as follows</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:18.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.327%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From transfers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,664)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,755)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(826)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(760)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,216)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(225)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,849)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,265)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(301)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(306)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,375)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(25,475)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,100)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(287)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(52)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,976)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">It includes the accumulated exchange differences of Santander Polska transferred to the heading 'Other comprehensive income - Items that may be reclassified to profit or loss - Non-current assets held for sale' (see Note 12).</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,287)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,664)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,377)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(631)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,064)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,373)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,029 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">123 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(291)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19,510)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,375)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,865)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(568)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(295)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,002)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="text-indent:3.82pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,199)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,287)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">912 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,064)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">965 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,754)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(904)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(900)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,605)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(285)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(219)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(629)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(549)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(570)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(85)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20,420)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19,510)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i10bcda0f0bc34fe6a2b866d48d971ea4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">e) Other comprehensive income -Items that may be reclassified to profit or loss - Hedging derivatives – Cash flow hedges (Effective portion)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other comprehensive income – Items that may be reclassified to profit or loss - Cash flow hedges includes the gains or losses attributable to hedging instruments that qualify as effective hedges. These amounts will remain under this heading until they are recognised in the consolidated income statement in the periods in which the hedged items affect it.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i23701e5b6856478e9bf19acfff93b2ca"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">f) Other comprehensive income - Items that may be reclassified to profit or loss – Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Includes the net amount of unrealised changes in the fair value of assets classified as Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income (see note 7).</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:35.398%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,856 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(419)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,685 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(905)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(372)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(944)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(868)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(265)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,247 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,320)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(736)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(820)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,169 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(261)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,222)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(555)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group estimates the expected losses on debt instruments measured at fair value with changes in other comprehensive income. These losses are recorded with a charge to the consolidated income statement for the period.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of the year 2025, the Group recorded a provision of EUR 29 million under the heading 'Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss'. In 2024, the Group did not record any provision in this regard and at the end of the year 2023, the Group recorded EUR 24 million.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i9db315e67156459588dfd4ccaa24501a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">g) Other comprehensive income - Items that may be reclassified to profit or loss and Items not reclassified to profit or loss - Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the heading includes a negative amount of EUR 394 million (EUR 428 million and EUR 318 million in 2024 and 2023, respectively). Of the variation in the balance of said years, a gain of EUR 17 million, EUR 45 million EUR 44 million and has been transferred to results in the years 2025, 2024 and 2023, respectively.</span></div> <div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.504%"><tr><td style="width:1.0%"></td><td style="width:69.916%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.459%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.614%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.87pt;font-weight:400;line-height:105%;position:relative;top:-2.62pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other comprehensive income</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(37,974)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(36,595)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(35,020)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,121)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,212)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains and losses on defined benefit pension plans</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,896)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,404)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,324)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other valuation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(250)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(432)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inefficiency of fair value hedges of equity instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedged item)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value with changes in other comprehensive income (hedging instrument)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(208)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(264)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities measured at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified to profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(33,853)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,838)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(29,808)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,343)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,475)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,375)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19,510)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives. Cash flow hedges (Effective portion)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">333 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(740)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(736)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(555)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging instruments (items not designated)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets classified as held for sale</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(590)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share in other income and expenses recognised in investments, joint ventures and associates</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(395)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(427)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(319)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net amount of taxes and minorities</span></div> -37974000000 -36595000000 -35020000000 -4121000000 -4757000000 -5212000000 -3896000000 -4404000000 -4324000000 56000000 0 0 1000000 -1000000 1000000 0 0 0 -250000000 -432000000 -776000000 0 0 0 208000000 284000000 264000000 -208000000 -284000000 -264000000 -32000000 80000000 -113000000 -33853000000 -31838000000 -29808000000 -7343000000 -8002000000 -8684000000 -25475000000 -22375000000 -19510000000 333000000 -298000000 -740000000 -372000000 -736000000 -555000000 -11000000 0 0 -590000000 0 0 -395000000 -427000000 -319000000 -73000000 220000000 -117000000 0.0554 0.0558 0.0311 0.0290 -116000000 0.1058 0.1065 0.1050 0.1052 33000000 0.0300 0.0375 -20000000 -147000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the composition of the balance as of 31 December 2025, 2024 and 2023 under 'Other comprehensive income - Items that will not be reclassified to profit or loss - Changes in the fair value of equity instruments measured at fair value with changes in other global result' depending on the geographical origin of the issuer:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1326)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,279)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,926 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,408)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(250)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">985 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,359)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,235)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">288 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,328)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,289)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">299 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,753 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,399)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(432)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">728 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,780 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,348)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,160)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">413 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:29.257%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.313%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital gains by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net gains/losses by valuation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Domestic</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,173)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,141)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">252 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">International</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(71)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">United States</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Latin America and rest</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(67)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">303 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,223 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,311)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(776)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Publicly listed</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Non publicly listed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">219 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,193)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(974)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 47000000 1326000000 -1279000000 133000000 75000000 81000000 -6000000 186000000 23000000 1000000 22000000 36000000 1013000000 0 1013000000 1926000000 1158000000 1408000000 -250000000 2281000000 1033000000 49000000 985000000 1993000000 125000000 1359000000 -1235000000 288000000 39000000 1328000000 -1289000000 117000000 131000000 71000000 60000000 299000000 22000000 0 22000000 24000000 775000000 0 775000000 1753000000 967000000 1399000000 -432000000 2193000000 779000000 51000000 728000000 1780000000 188000000 1348000000 -1160000000 413000000 32000000 1173000000 -1141000000 252000000 117000000 71000000 46000000 267000000 16000000 0 16000000 19000000 370000000 67000000 303000000 1223000000 535000000 1311000000 -776000000 1761000000 316000000 118000000 198000000 1225000000 219000000 1193000000 -974000000 536000000 -287000000 -568000000 249000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by country is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:42.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.729%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="background-color:#f6f6f6;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#f6f6f6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32,818)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(30,377)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28,194)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19,412)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19,293)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16,340)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,137)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,995)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,942)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,125)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,444)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3,964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,926)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,857)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,531)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,217)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2,655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(43)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(709)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(786)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,047 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,005)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(912)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(795)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown of translation differences by currency is as follows</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:18.929%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.324%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.327%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From transfers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,664)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,755)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(826)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(760)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,222)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,216)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(126)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(225)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,849)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,265)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(301)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(306)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,375)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(25,475)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,100)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(287)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(52)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,976)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">It includes the accumulated exchange differences of Santander Polska transferred to the heading 'Other comprehensive income - Items that may be reclassified to profit or loss - Non-current assets held for sale' (see Note 12).</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,287)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,664)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,377)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(631)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,064)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,373)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,090)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,180)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(290)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,029 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(202)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">123 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(964)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(309)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(291)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19,510)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,375)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,865)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(568)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(295)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,002)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div><div style="text-indent:3.82pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which:</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the beginning of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at the end of the year</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Movement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From goodwill</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From results</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">From net assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazilian real</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,199)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,287)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">912 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">710 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pound sterling</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,064)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexican peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,132)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">965 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentine peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,754)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(904)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(900)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chilean peso</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,605)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,890)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(285)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(34)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(219)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US dollar</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,062 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(629)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(549)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Polish zloty</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(570)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(655)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(85)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20,420)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19,510)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Profit and loss items are translated into euros at the average exchange rate for the year as described in note 2 a) ii.</span></div> -32818000000 -30377000000 -28194000000 -19412000000 -19293000000 -16340000000 -4137000000 -3995000000 -2942000000 -4125000000 -3444000000 -3964000000 -2926000000 -2857000000 -2531000000 -2217000000 -2090000000 -2655000000 -43000000 -709000000 -786000000 1047000000 2923000000 1819000000 -1005000000 -912000000 -795000000 -16664000000 -16755000000 -91000000 -13000000 -41000000 -37000000 0 -3300000000 -4126000000 -826000000 -48000000 -18000000 -760000000 0 -1437000000 -1222000000 215000000 11000000 40000000 164000000 0 -2090000000 -2216000000 -126000000 0 0 -126000000 0 -2180000000 -2249000000 -69000000 -12000000 9000000 -66000000 0 4462000000 2340000000 -2122000000 -225000000 -48000000 -1849000000 0 -202000000 18000000 220000000 1000000 0 4000000 215000000 -964000000 -1265000000 -301000000 -1000000 6000000 -306000000 0 -22375000000 -25475000000 -3100000000 -287000000 -52000000 -2976000000 215000000 -13287000000 -16664000000 -3377000000 -631000000 -206000000 -2540000000 -4064000000 -3300000000 764000000 39000000 22000000 703000000 -64000000 -1437000000 -1373000000 -82000000 -136000000 -1155000000 -2658000000 -2090000000 568000000 0 0 568000000 -1890000000 -2180000000 -290000000 -34000000 -7000000 -249000000 3433000000 4462000000 1029000000 116000000 35000000 878000000 -325000000 -202000000 123000000 34000000 5000000 84000000 -655000000 -964000000 -309000000 -10000000 -8000000 -291000000 -19510000000 -22375000000 -2865000000 -568000000 -295000000 -2002000000 -14199000000 -13287000000 912000000 191000000 11000000 710000000 -4446000000 -4064000000 382000000 20000000 4000000 358000000 -1132000000 -64000000 1068000000 62000000 41000000 965000000 -1754000000 -2658000000 -904000000 -4000000 0 -900000000 -1605000000 -1890000000 -285000000 -32000000 -34000000 -219000000 4062000000 3433000000 -629000000 -64000000 -16000000 -549000000 -776000000 -325000000 451000000 87000000 32000000 332000000 -570000000 -655000000 -85000000 -11000000 -1000000 -73000000 -20420000000 -19510000000 910000000 249000000 37000000 624000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown, by type of instrument and geographical origin of the issuer, of 'Other comprehensive income – Items that may be reclassified to profit or loss - Changes in the fair value of debt instruments measured at fair value with changes in other comprehensive income' at 31 December 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:35.398%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,856 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(528)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(419)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,685 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(905)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(372)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">268 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(944)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(868)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(265)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(249)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,247 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,320)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(736)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:35.804%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.677%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation gains</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Revaluation losses</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net revaluation gains/ (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Public-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">237 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(820)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(626)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,169 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issued by Private-sector</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">America and rest of the world</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(261)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">667</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,222)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(555)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 118000000 0 118000000 10142000000 209000000 36000000 173000000 8856000000 109000000 528000000 -419000000 31685000000 29000000 53000000 -24000000 9745000000 28000000 15000000 13000000 6445000000 40000000 273000000 -233000000 5458000000 533000000 905000000 -372000000 72331000000 103000000 0 103000000 13764000000 268000000 70000000 198000000 15413000000 76000000 944000000 -868000000 38784000000 96000000 23000000 73000000 6019000000 25000000 18000000 7000000 7478000000 16000000 265000000 -249000000 6247000000 584000000 1320000000 -736000000 87705000000 17000000 0 17000000 9867000000 333000000 96000000 237000000 18258000000 194000000 820000000 -626000000 38169000000 98000000 9000000 89000000 5129000000 19000000 30000000 -11000000 5018000000 6000000 267000000 -261000000 5106000000 667000000 1222000000 -555000000 81547000000 29000000 24000000 394000000 428000000 318000000 17000000 45000000 44000000 Shareholders' equity<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in Shareholders' equity are presented in the consolidated statement of changes in total equity. Significant information on certain items of Shareholders' equity and the changes during the year are set forth below.</span></div> Issued capital<div style="margin-bottom:6pt;margin-top:9pt"><span id="iac504a2974224a0bbd9b97675ddc1492"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Changes</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2022, Banco Santander's share capital consisted of EUR 8,397 million, represented by 16,794,401,584 shares of EUR 0.50 of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 21 March 2023, there was a capital reduction amounting EUR 170,203,286 through the redemption of 340,406,572 shares, corresponding to the share buyback programme carried out in 2022 and ended in January 2023. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, on 30 June 2023, there was a capital reduction of EUR 134,924,476.50 through the redemption of 269,848,953 shares, corresponding to the share buyback programme during the first half of 2023.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2023 consisted of EUR 8,092 million, represented by 16,184,146,059 shares of EUR 0.50 of nominal value each and all of them of a unique class and series; including 286,842,316 shares corresponding to the first buyback programme of 2023 (see note 1.g.).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 5 February 2024, a capital reduction of EUR179,283,743.50 took place through the redemption of 358,567,487 shares, corresponding to the share buyback programme carried out in 2023 and ended in January 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 1 July 2024, a capital reduction of EUR 165,652,500 took place through the redemption of 331,305,000 shares, corresponding to he share buyback programme carried out between February and June 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 20 December 2024, a capital reduction of EUR 170,890,625 took place through the redemption of 341,781,250 shares, corresponding to he share buyback programme carried out during the second semester of 2024.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2024 consisted of EUR 7,576 million, represented by 15,152,492,322 shares of EUR 0.50 of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 3 June 2025, there was a capital reduction amounting to EUR 133,583,475 through the redemption of 267,166,950 shares, corresponding to the share buyback programme carried out between February and June 2025.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 23 December 2025, a capital reduction of EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">98,002,935 took place through the redemption of 196,005,870 shares, corresponding to the share buyback programme carried out during the second semester of 2025. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Aforementioned operations have not entailed the return of contributions to the shareholders as Banco Santander was the owner of the redeemed shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Therefore, Banco Santander's share capital at 31 December 2025 consisted of EUR 7,345 million, represented by 14,689,319,502 shares of EUR 0.50 of nominal value each and all of them of a unique class and series.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander’s shares are listed on the Spanish Stock Market Interconnection System and on the New York, London, Mexico and Warsaw Stock Exchanges, and all of them have the same features and rights. Santander shares are listed on the London Stock Exchange under Crest Depository Interest (CDI), each CDI representing one Bank’s share. They are also listed on the New York Stock Exchange under American Depositary Shares (ADS), each ADS representing one share. Additionally, Banco Santander's shares were listed on the traditional listing of the Mexican Stock Exchange (BMV) and since 29 December 2023, they were listed only in the International Quotation System of said stock exchange.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, no Banco Santander shareholder individually held more than 3% of its total share capital (which is the threshold generally provided for in Spanish regulations for mandatory notification of a significant participation in a listed company). Even though at 31 December 2025, certain custodians appeared in our shareholder registry as holding more than 3% of our share capital, we understand that those shares were held in custody on behalf of other investors, none of whom exceeded that threshold individually. These custodians were </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">State Street Bank (13.90%), Chase Nominees Limited (7.50%), The Bank of New York Mellon Corporation (7.18%),Citibank (6.40%), BNP Paribas (3.74%), Caceis Bank (3.57%) y The Northern Trust (3.06%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, neither Banco Santander's shareholder registry nor the CNMV's registry showed any shareholder residing in a non-cooperative jurisdiction with a shareholding equal to, or greater than, 1% of our share capital (which is the other threshold applicable under Spanish regulations).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia3a2f5dabb7345cb80478f061b04a707"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Other considerations</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Spanish law, only shareholders at the general meeting have the authority to increase share capital. However, they may delegate the authority to approve or execute capital increases to the board of directors. Banco Santander´s Bylaws are fully aligned with Spanish law and do not establish any different conditions for share capital increases.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the shares of the following companies were listed on official stock mark</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ets: Banco Santander - Chile; Banco Santander (Brasil) S.A. and Santander Bank Polska S.A. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 Decemb</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">er 2025 the number of Banco Santander shares owned by third parties and managed by Group management companies (mainly portfolio, collective investment undertaking and pension fund managers) or jointly managed was 33 million shares, which represented 0.22% of Banco Santander’s share capital (40 and 36 million shares, representing 0.26% and 0.22% of the share capital in 2024 and 2023, respectively). In addition, the number of Banco Santander shares owned by third parties and received as security was 28 million shares (equal to 0.19% of the Bank’s share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the capital increases in progress at Group companies and the additional capital authorised by their shareholders at the respective general meetings were not material at Group level (see appendix V)</span></div> 8397000000 16794401584 0.50 170203286 340406572 134924476.5 269848953 8092000000 16184146059 0.50 286842316 179283743.5 358567487 165652500 331305000 170890625 341781250 7576000000 15152492322 0.50 133583475 267166950 98002935 196005870 7345000000 14689319502 0.50 1 1 0.03 0.03 0.1390 0.0750 0.0718 0.0640 0.0374 0.0357 0.0306 0.01 33000000 0.0022 40000000 36000000 0.0026 0.0022 28000000 0.0019 Share premium <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Share premium includes the amount paid up by the Bank’s shareholders in capital issues in excess of the par value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Corporate Enterprises Act expressly permits the use of the share premium account balance to increase capital at the entities at which it is recognised and does not establish any specific restrictions as to its use.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The change in the balance of share premium corresponds to the capital reductions detailed in note 31.a).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decreased produced in 2023 by an amount of EUR 1,595 million was the consequence of the difference between the purchase value of the redeemed shares (EUR 1,900 million) and the par value of said shares (EUR 305 million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decrease produced in 2024 by an amount of EUR 3,778 million was the consequence of the difference between the purchase value of the redeemed shares (EUR 4,294 million) and the par value of said shares (EUR 516 million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The decrease produced in 2025 by an amount of EUR 3,055 million has been the consequence of the difference between the purchase value of the redeemed shares (EUR 3,287 million) and the par value of said shares (EUR 231 million) (see note 4.a and consolidated statements of changes in total equity) as a consequence of the capital decreases described in note 31.a.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, in accordance with the applicable legislation, a reserve has been provided in 2024 for amortized capital charged to the issue premium for an amount equal to the nominal value of said amortized shares ascending to EUR 231 million (EUR 516 million and EUR 305 million euros in 2024 and 2023 respectively).</span></div> -1595000000 1900000000 305000000 -3778000000 4294000000 516000000 -3055000000 3287000000 231000000 231000000 516000000 305000000 Accumulated retained earnings<div style="margin-bottom:6pt;margin-top:9pt"><span id="i34e39ce33f96485cbf92b34b3ece5150"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Definitions</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of 'Equity - Accumulated gains and Other reserves' includes the net amount of the accumulated results (profits or losses) recognised in previous years through the consolidated income statement which in the profit distribution were allocated in equity, the expenses of own equity instrument issues, the differences between the amount for which the treasury shares are sold and their acquisition price, as well as the net amount of the results accumulated in previous years, generated by the result of non-current assets held for sale, recognised through the consolidated income statement.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i07aa6cf465914b36971439f58caa1d74"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Restricted reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,328</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Legal reserve</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,469 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,515 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Own shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">649 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation reserve Royal Decree-Law 7/1996</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserve for retired capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,336 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unrestricted reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,519</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,357 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,362 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidation reserves attributable to the Bank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,162 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,824 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of subsidiaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of entities accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,643</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,427</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,363</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to 20% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">In accordance with the commercial regulations in force in Spain.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i71c890b1f4af45c396490cfb14b49481"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Legal reserve</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under the Consolidated Spanish Corporate Enterprises Act, 10% of net profit for each year must be transferred to the legal reserve. These transfers must be made until the balance of this reserve reaches 20% of the share capital. The legal reserve can be used to increase capital provided that the remaining reserve balance does not fall below 10% of the increased share capital amount.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consequently, once again, after the capital reductions described in note 31 had been carried out, the balance of the legal reserve met the percentage of 20% of the share capital, and at 31 December 2025 the Legal reserve was at the stipulated level.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i3e9aaa13ad174c338526d04757b2ff5b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Reserve for treasury shares</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to the Corporate Enterprises Act, an unavailable reserve equivalent to the amount for which Banco Santander's shares owned by subsidiaries are recorded. This reservation shall be freely available when the circumstances which have obliged its constitution disappear. In addition, this reserve covers the outstanding balance of loans granted by the Group with Banco Santander's share guarantee and the amount equivalent to the credits granted by the Group companies to third parties for the acquisition of own shares.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibc59a56bf00345eea8d605036a7517c6"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iii. Revaluation reserve Royal Decree Law 7/1996, of 7 June</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance of Revaluation reserve Royal Decree-Law 7/1996 can be used, free of tax, to increase share capital. From 1 January 2007, the balance of this account can be taken to unrestricted reserves, provided that the monetary surplus has been realised. The surplus will be deemed to have been realised in respect of the portion on which depreciation has been taken for accounting purposes or when the revalued assets have been transferred or derecognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">If the balance of this reserve were used in a manner other than that provided for in Royal Decree law 7/1996, of 7 June, it would be subject to taxation.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8a9872393c0242df877077b6b69f5cae"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">iv. Reserves of subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:56.184%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,085 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,512 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,973 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,977 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Finance Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,804 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,560 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Argentina S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,217 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Totta, S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,726 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,626 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,875 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,535 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Santander Holdings USA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Investment, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">836 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander International SA (former Banco Santander (Suisse) S.A)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies and consolidation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,062)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,846)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, restricted</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,722 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,175 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,870 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Accumulated retained earnings and Reserves of entities accounted for using the equity method is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Restricted reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,328</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Legal reserve</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,469 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,515 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Own shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">649 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation reserve Royal Decree-Law 7/1996</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserve for retired capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,336 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unrestricted reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,519</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,033</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Voluntary reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,357 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,362 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,284 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidation reserves attributable to the Bank</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,162 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,824 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of subsidiaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reserves of entities accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,643</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,427</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68,363</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">The board of directors has proposed to the general shareholders' meeting the reclassification of the excess that the amount of the balance of the legal reserve account shows over the figure that is equivalent to 20% of the resulting share capital after the executed capital reductions, to be included in the voluntary reserves account.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">In accordance with the commercial regulations in force in Spain.</span></div> 3328000000 3084000000 2899000000 1469000000 1515000000 1618000000 480000000 421000000 649000000 43000000 43000000 43000000 1336000000 1105000000 589000000 31519000000 24186000000 16033000000 26357000000 20362000000 14284000000 5162000000 3824000000 1749000000 47937000000 47249000000 47669000000 1643000000 1831000000 1762000000 84427000000 76350000000 68363000000 0.20 0.10 0.20 0.10 0.20 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by company, of Reserves of subsidiaries, based on the companies’ contribution to the Group (considering the effect of consolidation adjustments) is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.007%"><tr><td style="width:1.0%"></td><td style="width:56.184%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.138%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander (Brasil) S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,085 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,512 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,973 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,977 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Consumer Finance Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,804 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander - Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,560 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Argentina S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,217 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander Totta, S.A. (Consolidated Group)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,726 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,626 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Bank Polska S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,875 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,535 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Grupo Santander Holdings USA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Investment, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">836 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander International SA (former Banco Santander (Suisse) S.A)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">346 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other companies and consolidation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,062)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,846)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,155)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,249</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, restricted</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,722 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,175 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,870 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 16085000000 15107000000 14512000000 7973000000 8576000000 8700000000 4977000000 5248000000 5684000000 4804000000 4729000000 4344000000 4560000000 4250000000 4112000000 3217000000 2892000000 2813000000 2726000000 2766000000 2626000000 2875000000 2890000000 2535000000 63000000 187000000 1893000000 1424000000 1217000000 1215000000 845000000 836000000 1044000000 450000000 397000000 346000000 -2062000000 -1846000000 -2155000000 47937000000 47249000000 47669000000 4722000000 4175000000 3870000000 Other equity instruments and own shares<div style="margin-bottom:6pt;margin-top:9pt"><span id="i07893f48e8bd4f9593b71f8289482c3b"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Equity instruments issued not capital and other equity instruments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other equity instruments includes the equity component of compound financial instruments, the increase in equity due to personnel remuneration, and other items not recognised in other 'Shareholders’ equity' items.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 8 September 2017, Banco Santander, S.A. issued contingent redeemable perpetual bonds (the fidelity bonds) amounting to EUR 981 million nominal value EUR - 686 million fair value -. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 15 December 2024, Banco Santander, S.A., proceeded to redeem in advance voluntarily all of said bonds in circulation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, at 31 December 2025 the Group had other equity instruments amounting to EUR 273 million.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ia68a329a6def4d62914fb2317c5b0145"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">b) Own shares </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Shareholders’ equity - Own shares' includes the amount of own equity instruments held by all the Group entities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Transactions involving own equity instruments, including their issuance and cancellation, are recognised directly in equity, and no profit or loss may be recognised on these transactions. The costs of any transaction involving own equity instruments are deducted directly from equity, net of any related tax effect.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2023, the number of treasury shares held by the Group was 297,815,673 (1.84% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2024, 930,610,636 shares of the Bank were acquired at an average price of EUR 4.34 per share, of which 403,030,171 relate to the Share Buyback Programme carried out during the first half of 2025, and 341,781,250 relate to the Share Buyback Programme started in September. Likewise, 1,031,653,737 shares were amortised (note 31) and 181,243,113 shares at an average price of EUR 4.22 per share were transferred, of which 22,167,105 shares correspond to the donation made by Banco Santander to Fundación Banco Santander with extraordinary character.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2024, the number of treasury shares held by the Group was 15,529,459 (0.102% of the issued share capital).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, 584,363,745 shares of the Bank have been acquired at an average price of EUR 6.98 per share, of which 267,166,950 relate to the Share Buyback Programme carried out during the first half of 2025, and 196,005,870 relate to the new Share Buyback Programme started in August. Likewise, 463,172,820 shares have been amortised (note 31) and 125,643,093 shares at an average price of EUR 6.48 per share have been transferred.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the Group holds 11,077,291 shares of the Bank's issued share capital (0.075%).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effect on equity, net of tax, arising from the purchase and sale of Bank shares is of EUR 34 million profit in 2025 (EUR 8 million and EUR 13 million profit in 2024 and 2023, respectively).</span></div> 981000000 686000000 273000000 297815673 0.0184 930610636 4.34 403030171 341781250 1031653737 181243113 4.22 22167105 15529459 0.00102 584363745 6.98 267166950 196005870 463172820 125643093 6.48 11077291 0.00075 34000000 8000000 13000000 Memorandum items<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Memorandum items relates to balances representing rights, obligations and other legal situations that in the future may have an impact on net assets, as well as any other balances needed to reflect all transactions performed by the consolidated entities although they may not impinge on their net assets.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ibb878bd9cb5f47a29ca8ca79565147d2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Guarantees and contingent commitments granted</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Contingent liabilities includes all transactions under which an entity guarantees the obligations of a third party and which result from financial guarantees granted by the entity or from other types of contracts. The detail is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">321,234</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">279,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">511 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,449</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,435</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">332 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,437 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit derivatives sold</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other commitments granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,118</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">668 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">793 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">542 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,161 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,957 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,942 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,910 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The breakdown as at 31 December 2025 of the exposures and the provision fund out of balance sheet by impairment stage is EUR 464,215 million and EUR 338 million (EUR 435,147 million and EUR 305 million in 2024 and EUR 398,243 million and EUR 302 million in 2023) in stage 1, EUR 21,241 million and EUR 206 million (EUR 17,587 million and EUR 192 million in 2024 and EUR 8,528 million and EUR 174 million in 2023) in stage 2 and EUR 1,345 million and EUR 169 million (EUR 1,521 million and EUR 213 million in 2024 and EUR 1,526 million and EUR 226 million in 2023) in stage 3, respectively. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Income from guarantee instruments is recognised under 'Fee and commission income' in the consolidated income statements and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee.</span></div><div style="margin-top:9pt"><span id="i54ecbd30bab04d408f71d6a2d88c9190"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">i. Loan commitments granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Loan commitments granted: firm commitments of grating of credit under predefined terms and conditions, except for those that comply with the definition of derivatives as these can be settled in cash or through the delivery of issuance of another financial instrument. They include stand-by credit lines and long-term deposits.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if1605bc1e2ee44589ffba68e4e7c08a1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Financial guarantees granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Financial guarantees includes, inter alia, financial guarantee contracts such as financial bank guarantees, credit derivatives sold, and risks arising from derivatives arranged for the account of third parties.</span></div><div style="margin-top:9pt"><span id="if3328503452f4c41b159eda1bb5ab5d3"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:130%">iii. Other commitments granted</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other contingent liabilities include all commitments that could give rise to the recognition of financial assets not included in the above items, such as technical guarantees and guarantees for the import and export of goods and services.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i34396b6c95624ccf8b0291711bd7c2fc"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Memorandum items</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie526b2ebefc34a669b9b9c8da08c695c"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Off-balance-sheet funds under management</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197,346 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,112 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,646 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,974 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,999 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">257,432 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,485 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,737 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie9bd8571aece404e9634e8a099844da4"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Non-managed marketed funds</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, at 31 December 2025 there are non-managed marketed funds totalling EUR 73,173 million (EUR 62,002 million and EUR 50,036 million at 31 December 2024 and 2023, respectively).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3a0cf8afb9184163a012f43b447ba5a3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:130%">c) Third-party securities held in custody</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the Group held in custody debt securities and equity instruments totalling EUR 306,723 million (EUR 292,216 million and EUR 268,338 million at 31 December 2024 and 2023, respectively) entrusted to it by third parties.</span></div> The detail is as follows:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="12" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">321,234</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302,861</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">279,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">511 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,449</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,435</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">332 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,437 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit derivatives sold</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other commitments granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,118</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">668 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">793 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">542 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,161 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,957 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,942 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,910 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 321234000000 302861000000 279589000000 345000000 511000000 406000000 17449000000 16901000000 15435000000 332000000 217000000 578000000 17437000000 16887000000 15400000000 12000000 14000000 35000000 148118000000 134493000000 113273000000 668000000 793000000 542000000 62161000000 61551000000 57363000000 85957000000 72942000000 55910000000 464215000000 338000000 435147000000 305000000 398243000000 302000000 21241000000 206000000 17587000000 192000000 8528000000 174000000 1345000000 169000000 1521000000 213000000 1526000000 226000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197,346 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,112 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,646 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Assets under management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,974 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,999 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,732 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">257,432 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,485 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,737 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 197346000000 178840000000 165174000000 16112000000 15646000000 14831000000 43974000000 35999000000 29732000000 257432000000 230485000000 209737000000 73173000000 62002000000 50036000000 306723000000 292216000000 268338000000 Hedging derivatives<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander, within its financial risk management strategy, and in order to reduce asymmetries in the accounting treatment of its operations, enters into hedging derivatives on interest, exchange rate, credit risk or variation of stock prices, depending on the nature of the risk covered.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Based on its objective, Grupo Santander classifies its hedges in the following categories:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Cash flow hedges: cover the exposure to the variation of the cash flows associated with an asset, liability or a highly probable forecast transaction. This cover the variable-rate issues in foreign currencies, fixed-rate issues in non-local currency, variable-rate interbank financing and variable-rate assets (bonds, commercial loans, mortgages, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Fair value hedges: cover the exposure to the variation in the fair value of assets or liabilities, attributable to an identified and hedged risk. This covers the interest risk of assets or liabilities (bonds, loans, bills, issues, deposits, etc.) with coupons or fixed interest rates, interests in entities, issues in foreign currencies and deposits or other fixed rate liabilities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Hedging of net investments abroad: cover the exchange rate risk of the investments in subsidiaries domiciled in a country with a different currency from the functional one of the Group.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338,057</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(454)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(433)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285,983 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,326 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,485 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(188)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx Swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">735</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,035</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,067</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,969</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,171</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,357 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(293)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,464 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,445 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,606 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity Option</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 1.75pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,614 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 12.25pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">290,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,070</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">276,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">586</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,720 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,519</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,060</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">258</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">539</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">673</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">673</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">673 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">269 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.652%"><tr><td style="width:1.0%"></td><td style="width:29.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,661</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,869)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">215,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,871)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">563</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,311 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(537)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">484 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">906 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Considering the main entities or groups within the Group by the weight of their hedging, the main types of hedging that are being carried out in Santander UK Group Holdings plc group and Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK Group Holdings plc group enters into fair value and cash flow hedging derivatives depending on the exposure of the underlying. Only designated risks are hedged and therefore other risks, such as credit risk, are managed but not hedged. When contracting derivatives, Santander UK applies the same credit risk management procedures that it uses for ordinary lending activity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within fair value hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at fixed rate that are exposed to changes in fair value due to changes in market interest rates. These positions are managed by contracting mainly interest rate swaps. Effectiveness is assessed by comparing the changes in the fair value of these portfolios generated by the hedged risk with the changes in the fair value of the derivatives contracted.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK Group Holdings plc group also has access to international markets to obtain financing by issuing fixed-rate debt or investing in fixed rate debt of other issuers, in its functional currency and other currencies. As such, they are exposed to changes in interest rates and exchange rates, mainly in EUR and USD. This risk is mitigated with cross currency swaps e interest rate swaps in which they pay a fixed rate and receive a variable rate. Effectiveness is evaluated using linear regression techniques to compare changes in the fair value of the debt at interest and exchange rates with changes in the fair value of interest rate swaps or cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within the cash flow hedges, Santander UK Group Holdings plc group has portfolios of assets and liabilities at variable rates, normally at SONIA or BoE base rate. To mitigate this market rate variability risk, it contracts interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As Santander UK Group Holdings plc group obtains financing in the international markets, it assumes a significant exposure to currency risk mainly USD and EUR. In addition, it also holds debt securities for liquidity purposes which assume exposure mainly in JPY, CAD and CHF. To manage this exchange rate risk, Spot, Forward y Cross Currency Swap are contracted to match the cash flow profile and the maturity of the estimated interest and principal repayments of the hedged item. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Effectiveness is assessed by comparing changes in the fair value of the derivatives with changes in the fair value of the hedged item attributable to the hedged risk by applying a hypothetical derivative method using linear regression techniques.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">It also has inflation risk hedges, which arise from UK bonds linked to UK inflation and are hedged using inflation swaps. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Effectiveness is assessed by comparing changes in the fair value of the inflation swap with the changes in the fair value of the hedged item attributable to the hedged risk, applying the hypothetical derivative method using linear regression techniques. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, within the hedges that cover equity risk, Santander UK Group Holdings plc group offers employees the opportunity to purchase shares of the Bank at a discount under the Sharesave Scheme, exposing the Bank to share price risk. As such, options are purchased allowing them to purchase shares at a pre-set price. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander, S.A. covers the risks of its balance sheet in a variety of ways. On the one hand, documented as fair value hedges, it covers the interest rate and foreign exchange risk of fixed-income portfolios at a fixed rate (REPOs are included in this category). Resulting, in an exposure to changes in their fair value due to variations in market conditions based on the various risks hedged, which has an impact on Banco Santander's income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To mitigate these risks, Banco Santander contracts derivatives, mainly Interest Rate Swaps, Cross Currency Swaps, Cap&amp;floors and Forex Forward. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On the other hand, the interest and exchange rate risk of loans granted to corporate clients at a fixed rate or variable rate is covered. These hedges, are carried out through interest rate swaps, cross currency swaps and exchange rate derivatives (forex swaps and forex forward).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, Banco Santander, S.A. manages the interest and exchange risk of debt issues in its various categories (issuing covered bonds, perpetual, subordinated and senior bond) and in different currencies, denominated at fixed rates, and therefore subject to changes in their fair value. These issues are covered through interest rate swaps and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The methodology used by Banco Santander, S.A. to measure the effectiveness of fair value hedges is based on comparing the market values of the hedged items (based on the objective risk of the hedge) and of the hedging instruments in order to analyse whether the changes in the market value of the hedged items are offset by the market value of the hedging instruments, thereby mitigating the hedged risk and minimizing volatility in the income statement. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Prospectively, the same analysis is performed, measuring the theoretical market values in the event of parallel variations in the market curves of a positive basis point.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There is a macro hedge of structured loans in which the interest rate risk of fixed-rate loans (mortgage, personal or with other guarantees) granted to legal entities in commercial or corporate banking and wealth clients in the medium-long term is hedged. This hedge is instrumented as a macro hedge of fair value, the main hedging instruments being Interest Rate Swap and Cap&amp;floors. In case of total or partial cancellation or early repayment, the customer is obliged to pay/receive the cost/income of the cancellation of the interest rate risk hedge managed by the Bank.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding cash flow hedges, the objective is to hedge the cash flow exposure to changes in interest rates and exchange rates.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For retrospective purposes, the hypothetical derivative methodology is used to measure effectiveness. By means of this methodology, the hedged risk is modelled as a derivative instrument -not real-, created exclusively for the purpose of measuring the effectiveness of the hedge, and which must comply with the fact that its main characteristics coincide with the critical terms of the hedged item throughout the period for which the hedging relationship is designated. This hypothetical derivative does not incorporate characteristics that are exclusive to the hedging instrument. Additionally, it is worth mentioning that any risk component not associated with the hedged objective risk and effectively documented at the beginning of the hedge is excluded for the purpose of calculating the effectiveness. The market value of the hypothetical derivative that replicates the hedged item is compared with the market value of the hedging instrument, verifying that the hedged risk is effectively mitigated and that the impact on the income statement due to potential ineffectiveness is residual.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Prospectively, the variations in the market values of the hedging instrument and the hedged item (represented by the hypothetical derivative) are measured in the event of parallel shifts of a positive basis point in the affected market curves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There is another macro-hedge, this time of cash flows, the purpose of which is to actively manage the risk-free interest rate risk (excluding credit risk) of a portion of the floating rate assets of Banco Santander, S.A., through the arrangement of interest rate derivatives whereby the bank exchanges floating rate interest flows for others at a fixed rate agreed at the time the transactions are arranged. The items affected by the Macro-hedging have been designated as those in which their cash flows are exposed to interest rate risk, specifically the floating rate mortgages of the Banco Santander, S.A. network referenced to Euribor 12 Months or Euribor Mortgage, with annual renewal of rates, classified as sound risk and which do not have a contractual floor (or, if not, this floor is not activated). The hedged position affecting the Macro Cash Flow Hedge at the present time is near to EUR 5,000 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding net foreign investments hedges, basically, they are allocated in Banco Santander, S.A. and Santander Consumer Finance Group. Grupo Santander assumes as a priority risk management objective to minimize -to the limit determined by the Group's Financial Management- the impact on the calculation of the capital ratio of its permanent investments included within the Group's consolidation perimeter, and whose shares or equity interests are legally denominated in a currency other than that of the Group's parent company. For this purpose, financial instruments (generally derivatives) are contracted to hedge the impact on the capital ratio of changes in forward exchange rates. Grupo Santander mainly hedges the risk for the following currencies: BRL, CLP, MXN, CAD, COP, CNY, GBP, CHF, NOK, USD, PLN, UYU and PEN. The instruments used to hedge the risk of these investments are forex swaps, forex forward and spot currency purchases/sales.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For this type of hedges, ineffectiveness scenarios are considered to be of low probability, given that the hedging instrument is designated considering the position determined and the spot rate at which the position is located.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,353</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338,057</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,060</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,007</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,588 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,565 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,893 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">146,294 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,643 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285,983 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">963</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">963 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">365 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,086 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">522</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,079</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">218 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,267 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,499</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,955</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,090</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,969</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,837 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,357 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,077 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">874 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,025 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,445 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,606 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,024 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,511 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,690</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,085 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">180 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,605 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity option</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,218</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">207</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,218</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">207</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,893 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,218 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,296 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,614 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,976</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120,662</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,519</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,725</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">290,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">83,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">276,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,054</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">469</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,059</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,034</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,720 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">361 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,696</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,030</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,628</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,390</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,856 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,262</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,092 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,090 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,918 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,644 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">257,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,862</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,486</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,266</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">215,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">566 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">619 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,691</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,370 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,605 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,681 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">321 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,863 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,301 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,655</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,087</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,617 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,575 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,467 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,270 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,303 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,940 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,463 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown:</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Santander UK Group Holdings plc group</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,490 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,366 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189,285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.138</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.182</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.249</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.346</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.293</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.080 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,087 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.881 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.111</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.180</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.334</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.275</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.373</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,206 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.166</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.181</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.334</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.281</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.397</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.609 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.973 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.475 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64,755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">174,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.496 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.868 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.346)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.531 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">212</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,902 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.136</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.281</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,330 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,896 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178.368</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179.995</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187.640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.086</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.115</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.203</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.188</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.238</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.297</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.758</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">476 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,039 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,509 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.124</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.161</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.213</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.538</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.319</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.203 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.983 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 7.75pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,467 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.140 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.920 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.600 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.770 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.060 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,888 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,763 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">154.135</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153.954</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">167.846</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.093</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.089</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.197</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.392</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">719 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,183 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.254</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.198</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,663</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.383</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.570 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.540 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.960 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.420 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Banco Santander, S.A.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">746</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,790</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,849</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,331</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,003</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,719</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.155</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.725</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.371</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.809</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.101</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.139</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.330</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.403</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.075</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.422</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.983</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.653</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.350</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.403</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.824</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.880</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.960</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.252</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">329 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,273</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,284</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,173</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.975 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.919 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.800</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.617</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24.832</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137.802</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.651</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.980</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.019</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.935</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.055</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.590</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.002</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.964 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.129</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.119</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,530 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.892</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.979</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.652</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054.241</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,018.994</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,108.027</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,099.571</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,566</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.867</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.884</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.187</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23.465</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.823</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.078</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.175</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.321</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.307</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.309</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.611</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.093</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.729</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49.916</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53.350</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,431</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,446</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,878</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33,324</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,991</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">62,070</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.340</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.740</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.720</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.400</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.820</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.610</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.960</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.250</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">473 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,178</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,355 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,859 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.970 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.620 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.540 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.300</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.599</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.030</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.634</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.982</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.943</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.980</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.019</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.932</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.052</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,055 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.580</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.560</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,820 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.190</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,070 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,821 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.990</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.270</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,052.780</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,066.580</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,045.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,703</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.850</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.850</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.280</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.830</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21.970</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.080</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.410</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.410</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45.820</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45.160</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.290</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.096 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.688 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.603 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">278</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">634</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">524</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.784</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.751</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.323</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.732</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.716</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.648</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.665</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,159.190</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,998.060</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.929</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.057</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.095</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.110</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,450</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,321</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,017</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.270 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14.250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17.980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.831</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.961</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.711</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.887</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.104</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.058 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,575 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">916.724 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">936.166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">987.202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,525.656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.081 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43.235 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43.521 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44.400 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0e1290a0a9ee432897bb492e2109cde4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">Other geographies</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consumer Group entities mainly have loans portfolios at fixed interest rates and are therefore, exposed to changes in fair value due to movements in market interest rates. The entities manage this risk by contracting interest rate swaps in which they pay a fixed rate and receive a variable rate. Interest rate risk is the only one hedged and, therefore, other risks, such as credit risk, are managed but not hedged by the entities. The interest rate risk component is determined as the change in fair value of fixed rate loans arising solely from changes in a reference rate. This strategy is designated as a fair value hedge and its effectiveness is assessed by comparing changes in the fair value of loans attributable to changes in reference interest rates with changes in the fair value of interest rate swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in order to access international markets with the aim of obtaining sources of financing, some Consumer Group´s entities issue fixed rate debt in their own currency and in other currencies that differ from their functional currency. Therefore, they are exposed to changes in both interest rates and exchange rates, which they mitigate with derivatives (interest rate swaps, fx forward and cross currency swaps) in which they receive a fixed interest rate and pay a variable interest rate, implemented with a fair value hedge.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cash flow hedges of the Grupo Santander´s entities hedge the foreign currency risk of loans and financing. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, it has hedges of net investments abroad to hedge the foreign exchange risk of the shareholding in NOK, CNY, PLN, CAD and CHF currencies.</span></div><div style="margin-bottom:9pt;margin-top:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, applies accounting hedges for both fair value and cash flows through micro-hedging structures to mitigate risks arising from fluctuations in interest rates and exchange rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its cash flow hedges, the Bank is primarily exposed to exchange rate risk stemming from portfolios of Mexican government bonds issued in a currency other than its functional currency, Brazilian government bonds denominated in reais, US Treasury bonds in dollars, and fixed-rate debt issuances in USD. These exposures are mitigated through fixed-rate cross-currency swaps and FX forward contracts, using different currency combinations (MXN, USD, and BRL) depending on the nature of each portfolio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Bank also maintains exposures to interest rate risk associated with bank loans and commercial loans, both fixed-rate and floating-rate. To manage this risk, interest rate swaps are used, whereby the Bank exchanges fixed-rate cash flows for variable-rate cash flows or vice versa, in order to stabilize future cash flows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In its fair value hedges, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México holds portfolios of long-term, fixed-rate commercial loans and Mexican government bonds, denominated in both local and non-functional currencies. These portfolios are exposed to changes in fair value resulting from fluctuations in market interest rates and, where applicable, exchange rates. These exposures are mitigated through interest rate swaps and cross-currency swaps, designated as hedging instruments.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Only interest rate and exchange rate risks are hedged, while other risks, such as credit risk, are managed by the entity but are not designated as hedged risks within the hedging relationships. The effectiveness of the hedges is assessed by comparing the changes in the fair value of the hedged items attributable to the hedged risk with the changes in the fair value of the derivative instruments. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander (Brasil) S.A. has fair value and cash flow hedges to mitigate risks arising from market interest rate fluctuations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In market risk hedging, the Bank protects recognized assets and liabilities against changes in interest rates, exchange rates, and inflation. The risk management methodology segments exposures by risk factor (BRL/USD exchange rate risk, BRL fixed interest rate risk, USD foreign exchange coupon risk, inflation risk, among others). To mitigate these risks, the Bank primarily uses interest rate swaps, currency swaps, and futures contracts, designated as hedging instruments within hedge accounting structures. The results derived from hedging instruments and hedged items are recognized directly in the income statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In cash flow hedging, Banco Santander (Brasil) S.A. hedges its exposure to cash flow variability, primarily associated with interest payments and exchange rate movements, arising from assets and liabilities denominated in foreign currency or at variable rates. To this end, futures contracts and interest rate swaps are used to provide predictability to future cash flows. The effective portion of the change in the value of the hedging instruments is temporarily recognized in equity and reclassified to profit or loss when the anticipated transaction occurs, while the ineffective portion is recognized directly in profit or loss. As of December 31, 2025, no amounts corresponding to the ineffective portion have been recorded.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Banco Santander - Chile uses fair value hedges with cross currency swaps, interest rate swaps and call money swaps to hedge its exposure to changes in the fair value of the hedged item attributable to interest rates. The aforementioned hedging instruments modify the effective cost of long-term issues, from a fixed interest rate to a variable interest rate. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, it also makes cash flow hedges in which it uses cross currency swaps to cover the risk of variability of flows attributable to changes in the interest rate of bonds and interbank loans issued at variable rates, as well as to cover the variation of foreign currency, mainly in United States dollars. To hedge the inflation risk present in certain items, it uses both forwards and cross currency swaps.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At Santander Bank, National Association, Interest Rate Swaps are used to leave commercial loans at a fixed rate at a variable rate in USD indexed to 1-month Libor or SOFR, under cash flow hedges.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the hedged items, the following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2025, 2024 and 2023. The products that are being hedged are mainly borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">166,907</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">107,124</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">152,380 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">93,395 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">364 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,154 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,063)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,174)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">19,666</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(7,867)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,666</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(7,867)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">186,573</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">107,124</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(738)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(7,466)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">237</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">138,906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">32,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,412)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,200)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(461)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">133,149 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,780 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,345)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,176)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(343)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,017 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(564)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(478)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(156)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(794)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(439)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">23,559</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(420)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,559</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(420)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">162,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">32,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,412)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,200)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,445)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,480)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.016%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">134,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">130,672 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,682)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,757 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">637 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,786 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,824)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,182)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(797)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,888 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">152,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(9,497)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The cumulative amount of adjustments of the fair value hedging instruments that remain in the balance for hedges items that are no longer adjusted by profit and loss of coverage as at 31 December 2025 is EUR 227 losses (EUR 775 million and EUR 1,006 million losses in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net impact of the hedges are shown in the following table:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></div></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></div></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,063</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(706)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(240)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(706)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,256)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,166)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">319 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(340)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,256)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,179 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,647)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges<br/>hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">704</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the movement in the impact of equity for the year:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.555%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,300)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,424)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,187)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,049</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,155</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">638 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,647 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(229)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(240)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(85)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(319)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(155)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(409)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">233 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">431 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(225)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(185)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(80)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(139)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.555%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value hedges</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Minorities, taxes and others</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(330)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">146</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(941)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,445)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,300)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,424)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following tables contains the detail of the hedging derivatives according to the type of hedging, the hedge risk and the main products used as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338,057</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(454)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(433)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285,983 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,326 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,485 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(188)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">46</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx Swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">735</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,035</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">145 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,954</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,067</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,969</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">960</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,171</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,357 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(293)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,464 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">473</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,445 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,606 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(212)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity Option</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 1.75pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,614 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 12.25pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,964</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">290,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,070</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">276,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,578 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">586</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,720 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,519</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,060</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">225 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">738</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">258</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">539</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(49)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">673</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">673</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">673 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">269 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.652%"><tr><td style="width:1.0%"></td><td style="width:29.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Nominal value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in fair value used for calculating hedge ineffectiveness</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet line items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,661</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,869)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">215,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,871)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">563</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,311 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,214 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(498)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">397 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(537)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(98)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">484 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(325)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">234</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">906 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7.75pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt 0 7.75pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div> 338057000000 2387000000 2588000000 -454000000 305348000000 1501000000 1532000000 -433000000 285983000000 1326000000 1485000000 -188000000 19365000000 175000000 47000000 -247000000 0 0 0 2000000 2656000000 6000000 20000000 46000000 2414000000 6000000 20000000 5000000 0 0 0 46000000 242000000 0 0 -5000000 27433000000 735000000 1035000000 -76000000 5452000000 38000000 80000000 -8000000 21981000000 697000000 955000000 -68000000 500000000 0 1000000 0 500000000 0 1000000 0 2120000000 145000000 0 9000000 2120000000 145000000 0 9000000 148269000000 1954000000 1231000000 1067000000 99969000000 960000000 41000000 1171000000 12357000000 22000000 7000000 -293000000 87412000000 937000000 34000000 1464000000 200000000 1000000 0 0 24791000000 605000000 473000000 -233000000 3445000000 62000000 20000000 -18000000 1606000000 38000000 43000000 -3000000 19740000000 505000000 410000000 -212000000 23445000000 298000000 718000000 -3000000 3253000000 17000000 85000000 51000000 20192000000 281000000 633000000 -54000000 0 0 0 131000000 0 0 0 131000000 64000000 91000000 1000000 64000000 91000000 1000000 19666000000 86000000 475000000 136000000 19666000000 86000000 475000000 136000000 19614000000 86000000 474000000 134000000 52000000 1000000 2000000 505992000000 4427000000 4294000000 749000000 308897000000 2584000000 2964000000 483000000 290152000000 2070000000 2319000000 373000000 276715000000 1578000000 2082000000 156000000 4411000000 13000000 59000000 101000000 2240000000 8000000 39000000 -2000000 2059000000 0 0 91000000 13739000000 501000000 586000000 8000000 2720000000 15000000 65000000 46000000 11019000000 486000000 520000000 -38000000 500000000 0 0 0 500000000 0 0 0 95000000 0 0 1000000 95000000 0 0 1000000 179271000000 2415000000 1519000000 558000000 134503000000 1060000000 1089000000 144000000 6621000000 0 0 225000000 106663000000 788000000 478000000 -130000000 30653000000 738000000 258000000 459000000 9286000000 362000000 51000000 408000000 19957000000 323000000 189000000 114000000 11724000000 539000000 172000000 26000000 3092000000 -6000000 46000000 75000000 8632000000 545000000 126000000 -49000000 2316000000 58000000 0 -69000000 2163000000 57000000 0 82000000 75000000 20000000 0 -2000000 75000000 20000000 0 -2000000 23559000000 673000000 269000000 420000000 23559000000 673000000 269000000 420000000 23559000000 673000000 269000000 420000000 511727000000 5672000000 4752000000 1461000000 241792000000 2661000000 4231000000 -1869000000 225377000000 2280000000 3644000000 -1684000000 215382000000 2015000000 3462000000 -1871000000 4331000000 15000000 24000000 -98000000 1913000000 15000000 24000000 -11000000 2418000000 0 0 -87000000 12084000000 366000000 563000000 -87000000 2311000000 9000000 179000000 20000000 9773000000 357000000 384000000 -107000000 157796000000 2575000000 2889000000 1828000000 97780000000 913000000 1246000000 2181000000 3020000000 0 0 6000000 91569000000 872000000 1214000000 2188000000 34823000000 1001000000 663000000 -498000000 11160000000 502000000 241000000 43000000 20043000000 446000000 397000000 -537000000 12217000000 484000000 74000000 -98000000 2847000000 0 -45000000 227000000 9370000000 484000000 119000000 -325000000 12908000000 155000000 906000000 234000000 12495000000 153000000 906000000 240000000 68000000 22000000 0 9000000 68000000 22000000 0 9000000 18706000000 61000000 536000000 -1888000000 18706000000 61000000 536000000 -1888000000 18706000000 61000000 536000000 -1888000000 418294000000 5297000000 7656000000 -1929000000 5000000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table sets out the maturity profile of the hedging instruments used in Grupo Santander non-dynamic hedging strategies:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,353</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">87,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,040</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338,057</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,060</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160,461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,007</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,588 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,565 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,893 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">146,294 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,643 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">285,983 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">963</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">963 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">365 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,086 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">522</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,684</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,079</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">218 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,267 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,499</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,955</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">148,269</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,090</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,286</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,969</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,837 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,357 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,077 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,779 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cap&amp;Floor</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,169</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,062</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">874 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,025 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,445 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,606 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,024 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,511 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,021</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,690</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">227 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,085 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">180 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,605 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity option</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,218</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">207</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,218</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">207</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,893 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,218 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,296 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,614 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX swap</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,976</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">120,662</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280,202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">48,445</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,791</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,519</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,725</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,981</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,326</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">290,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">83,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">276,715 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,054</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">469</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,059</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,059 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,034</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,720 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">361 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,019 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">95</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,696</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,030</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,271</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,628</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,390</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,856 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">67,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">106,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,982</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,653</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,383 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,813</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,262</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,092 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,090 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,316</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Inflation swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">75</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,918 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,644 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">257,116</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">511,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"> </span></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,862</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,486</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,739</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">241,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,266</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,749</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,918 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">215,382 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">678</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,331</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Fx forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">566 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">619 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,691</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,142</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,370 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,605 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,681 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,773 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">321 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,873</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,913</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,291</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">157,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,467</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,859</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Future interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,863 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,301 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91,569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,655</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,087</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,607</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,711</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,617 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,525 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,547</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">806</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,217</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,575 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,847 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,467 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,270 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,296</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Currency swap</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Option</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">59 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations:</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,303</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">FX forward</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,303 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,940 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,463 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,038</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">418,294</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for Santander UK Group Holdings plc and Banco Santander, S.A., both the maturity profile, the average interest and exchange rate of hedging instruments by maturity buckets are shown:</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Santander UK Group Holdings plc group</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,490 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,366 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">189,285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.437 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,936 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.138</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.182</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.249</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.346</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.293</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.080 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.822 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.364 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35,087 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.881 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.111</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.180</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.334</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.275</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.373</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,206 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.166</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.181</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.172</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.334</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.281</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.397</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.609 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.973 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.475 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months<br/>to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year<br/>to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">64,755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">174,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.496 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.868 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.346)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.446)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.531 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">212</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,902 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.136</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.158</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.176</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.281</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.304 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,330 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,896 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">178.368</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179.995</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187.640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.086</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.115</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.203</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.188</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.162</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.238</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.297</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CAD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.758</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">476 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,039 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,509 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.124</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.161</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.213</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.538</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.319</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.203 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.885 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.983 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt 0 7.75pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">70,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,467 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.140 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.180 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.920 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.600 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.460 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.113</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.156</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.318</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.770 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,756 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.060 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.050 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,068 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,888 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,763 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/JPY exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">154.135</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153.954</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">167.846</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/CHF exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.092</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.093</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.089</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.121</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.197</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.167</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.179</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.392</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.277</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,614 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">719 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,183 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.254</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.198</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/USD exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,663</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.383</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.537</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.570 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.540 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.960 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.420 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">Banco Santander, S.A.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">746</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,790</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,849</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34,331</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,003</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,719</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.155</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.725</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.371</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.809</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.101</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.139</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.330</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.403</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.075</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.422</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.983</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.653</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.991</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.350</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.403</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.824</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.880</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.960</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.252</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">329 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,273</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,284</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,173</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">956 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.697 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.975 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.919 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.703 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.800</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.617</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.131</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">24.832</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137.802</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.651</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.927</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.980</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.019</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.935</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.055</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">288 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">817 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.590</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.002</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.964 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.129</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.119</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,530 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.892</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.979</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.652</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,054.241</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,018.994</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,108.027</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,099.571</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,566</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.867</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.884</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.187</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23.465</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22.823</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.078</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.175</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.321</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.307</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.309</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.611</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.093</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.729</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49.916</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53.350</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,431</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,446</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,878</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33,324</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,991</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">62,070</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.640</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.340</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.740</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.720</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.400</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.820</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.610</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.960</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NZD</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.250</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">473 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,710</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,178</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,355 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,859 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.970 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.620 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12.750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.540 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.300</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.599</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26.030</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.634</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.189</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.982</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.943</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.810</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.980</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.019</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.932</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/COP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.052</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Basis Risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Basis risk instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Nominal</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">500 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,055 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,139 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.580</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.560</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.000</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,200 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,820 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,020 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.200</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.170</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.190</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">  Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,070 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,821 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.990</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.120</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.270</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,052.780</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,066.580</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,045.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,703</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.860</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.850</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.850</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.280</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.830</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21.970</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.080</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.090</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.370</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.410</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.410</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45.820</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45.160</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48.290</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,775 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) GBP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.036 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.096 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.421 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.688 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.603 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.446 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Foreign exchange risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">278</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">634</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">524</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.784</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.751</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CNY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.323</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.732</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.716</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.648</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.665</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,159.190</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,998.060</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MAD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.929</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11.057</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PEN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.095</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.110</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,450</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,321</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,017</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CZK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.000 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) RON/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) HKD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.270 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) JPY/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.465 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) NOK/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/MXN</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14.250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/COP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17.980 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6.152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13.207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7.149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR/USD</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.140)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) USD/CLP</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.499</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.545</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CZK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25.831</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/USD exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.891</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.961</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average HKD/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.782</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8.666</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average JPY/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120.568</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">134.151</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129.229</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NOK/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9.519</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10.429</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.711</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.887</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.104</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19.083</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/CLP exchange rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.001</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average NZD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/MXN exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.058 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:34.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Up to one month</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One to three months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Three months to one year</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">One year to five years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than five<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and foreign exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and foreign exchange rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,075 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,575 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) CHF/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.106 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) AUD/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3.521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average EUR/GBP exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average AUD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.584 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average RON/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Bond Forward instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,500</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,750</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,000</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average fixed interest rate (%) EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(0.889)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.016 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average exchange rate GBP/EUR</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedges of net investments in foreign operations</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange and interest rate instruments</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Nominal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average BRL/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.569 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.505 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5.481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CLP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">916.724 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">936.166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">987.202 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average COP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,525.656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average GBP/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.866 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.876 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average MXN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20.210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average USD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.081 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average PLN/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.664 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4.580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CAD/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1.461 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average CHF/EUR exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">0.940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Average UYU/EUR exchange rate</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43.235 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">43.521 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44.400 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr></table></div> 17263000000 20353000000 87830000000 176040000000 36571000000 338057000000 15778000000 19042000000 82060000000 160461000000 28007000000 305348000000 15588000000 18565000000 78893000000 146294000000 26643000000 285983000000 190000000 477000000 3167000000 14167000000 1364000000 19365000000 963000000 365000000 1086000000 0 242000000 2656000000 963000000 365000000 1086000000 0 0 2414000000 0 0 0 0 242000000 242000000 522000000 946000000 4684000000 15079000000 6202000000 27433000000 15000000 54000000 218000000 3898000000 1267000000 5452000000 507000000 892000000 4466000000 11181000000 4935000000 21981000000 0 0 0 500000000 0 500000000 0 0 0 500000000 0 500000000 0 0 0 0 2120000000 2120000000 0 0 0 0 2120000000 2120000000 6499000000 4405000000 21536000000 103955000000 11874000000 148269000000 3497000000 1347000000 12090000000 76749000000 6286000000 99969000000 0 0 13000000 11837000000 507000000 12357000000 3497000000 1347000000 12077000000 64712000000 5779000000 87412000000 0 0 0 200000000 0 200000000 981000000 1169000000 4062000000 15467000000 3112000000 24791000000 874000000 1025000000 1546000000 0 0 3445000000 66000000 92000000 492000000 956000000 0 1606000000 41000000 52000000 2024000000 14511000000 3112000000 19740000000 2021000000 1887000000 5371000000 11690000000 2476000000 23445000000 761000000 0 227000000 2085000000 180000000 3253000000 1260000000 1887000000 5144000000 9605000000 2296000000 20192000000 0 2000000 13000000 49000000 0 64000000 0 2000000 13000000 49000000 0 64000000 2945000000 5218000000 11296000000 207000000 0 19666000000 2945000000 5218000000 11296000000 207000000 0 19666000000 2893000000 5218000000 11296000000 207000000 0 19614000000 52000000 0 0 0 0 52000000 26707000000 29976000000 120662000000 280202000000 48445000000 505992000000 9791000000 15953000000 88519000000 163086000000 31548000000 308897000000 8725000000 14680000000 85981000000 154440000000 26326000000 290152000000 7910000000 11913000000 83890000000 148913000000 24089000000 276715000000 1054000000 717000000 469000000 112000000 2059000000 4411000000 1054000000 717000000 469000000 0 0 2240000000 0 0 0 0 2059000000 2059000000 12000000 511000000 2019000000 8034000000 3163000000 13739000000 0 149000000 104000000 1543000000 924000000 2720000000 12000000 361000000 1915000000 6491000000 2240000000 11019000000 0 0 0 500000000 0 500000000 0 0 0 500000000 0 500000000 0 45000000 50000000 0 0 95000000 0 45000000 50000000 0 0 95000000 19696000000 10088000000 43111000000 94030000000 12346000000 179271000000 14628000000 7932000000 30390000000 75459000000 6094000000 134503000000 6621000000 0 0 0 0 6621000000 7146000000 5856000000 20846000000 67495000000 5320000000 106663000000 2982000000 1377000000 8765000000 14703000000 2826000000 30653000000 2594000000 1310000000 5382000000 0 0 9286000000 133000000 66000000 3383000000 14704000000 1671000000 19957000000 2086000000 778000000 3785000000 3813000000 1262000000 11724000000 997000000 0 395000000 1260000000 440000000 3092000000 1090000000 778000000 3389000000 2553000000 822000000 8632000000 0 0 153000000 0 2163000000 2316000000 0 0 0 0 2163000000 2163000000 0 1000000 18000000 55000000 1000000 75000000 0 1000000 18000000 55000000 1000000 75000000 3918000000 5644000000 13997000000 0 0 23559000000 3918000000 5644000000 13997000000 0 0 23559000000 3918000000 5644000000 13997000000 0 0 23559000000 33405000000 31685000000 145627000000 257116000000 43894000000 511727000000 6862000000 14535000000 59170000000 139486000000 21739000000 241792000000 6266000000 13749000000 56860000000 131323000000 17179000000 225377000000 6176000000 13525000000 55918000000 125405000000 14358000000 215382000000 566000000 678000000 619000000 50000000 2418000000 4331000000 566000000 678000000 619000000 50000000 0 1913000000 0 0 0 0 2418000000 2418000000 30000000 108000000 1691000000 8113000000 2142000000 12084000000 30000000 87000000 1370000000 6605000000 1681000000 9773000000 0 21000000 321000000 1508000000 461000000 2311000000 7873000000 16149000000 43913000000 83291000000 6570000000 157796000000 4467000000 6859000000 30846000000 53038000000 2570000000 97780000000 0 0 0 3020000000 0 3020000000 4241000000 6429000000 29863000000 48735000000 2301000000 91569000000 2655000000 7087000000 6607000000 16711000000 1763000000 34823000000 2013000000 2344000000 4617000000 2186000000 0 11160000000 642000000 2209000000 1990000000 14525000000 677000000 20043000000 407000000 1547000000 2270000000 7187000000 806000000 12217000000 0 80000000 0 2575000000 192000000 2847000000 407000000 1467000000 2270000000 4612000000 614000000 9370000000 344000000 656000000 4182000000 6296000000 1430000000 12908000000 318000000 618000000 3833000000 6296000000 1430000000 12495000000 0 0 8000000 59000000 1000000 68000000 0 0 8000000 59000000 1000000 68000000 4303000000 4940000000 9463000000 0 0 18706000000 4303000000 4940000000 9463000000 0 0 18706000000 4303000000 4940000000 9463000000 0 0 18706000000 19038000000 35624000000 112546000000 222777000000 28309000000 418294000000 14490000000 12469000000 69366000000 86738000000 6222000000 189285000000 0.04150 0.04703 0.04021 0.03508 0.04181 0 0.00216 0 0.00621 0.00437 0 0 0 0.04091 0.01325 27000000.000 30000000 357000000 6936000000 1808000000 9158000000 1.176 1.138 1.158 1.177 1.182 0 0 1.249 1.346 1.293 0.02 0.03 0.04080 0.02812 0.02822 0 0 0.04991 0.04385 0.04364 0 0 0 0 2120000000 2120000000 0 0 0 0 0.04997 360000000 111000000 3472000000 35087000000 4067000000 43097000000 0.04373 0.04235 0.03344 0.03881 0.04481 0 0 1982000000 14238000000 3112000000 19332000000 0 0 0 0 0 0 0 1.121 1.111 0 0 0 0 1.180 1.172 0 0 1.334 1.275 1.373 0 0 0 0 0 0 2000000 13000000 49000000 0 64000000 0 0 87000000 2206000000 420000000 2713000000 0 0 1.166 1.181 1.172 0 0 1.334 1.281 1.397 0 0 0.02609 0.03973 0.04475 5033000000 7598000000 64755000000 93176000000 4110000000 174672000000 0.03749 0.04293 0.04496 0.03868 0.03653 0.00200 0.00346 0.00446 0.00585 0.04370 0.01677 0.01534 0.01531 0.05756 0.00449 0 212000000 258000000 2280000000 1152000000 3902000000 0 1.136 1.158 1.162 1.176 0 0 0 1.318 1.281 0 0 0.01350 0.03304 0.02940 0 0 0 0.04831 0.04375 5330000000 4190000000 14896000000 34841000000 4325000000 63582000000 0.04592 0.04075 0.04761 0.03707 0.04352 311000000 954000000 5941000000 13235000000 2730000000 23171000000 178.368 179.995 187.640 0 0 0 0 1.086 1.115 0 0 1.203 1.188 1.177 1.162 0 0 1.238 1.297 1.388 0 0 1.758 0 0 0 0 19000000 55000000 1000000 75000000 1993000000 476000000 1039000000 2294000000 707000000 6509000000 1.124 1.370 1.161 1.213 1.179 0 0 1.538 1.319 1.537 0.01480 0.02760 0.03203 0.02771 0.04885 0 0 0 0 2163000000 2163000000 0 0 0 0 0.04983 4163000000 8230000000 37158000000 70075000000 3467000000 123093000000 0.02380 0.03190 0.03420 0.03890 0.03990 0.01140 0.00180 0.00450 0.00210 0.03920 0.02600 0.02460 0.04230 0.01360 0.04910 0 41000000 0 2172000000 198000000 2411000000 0 1.113 0 1.156 1.148 0 0 0 1.318 0 0 0 0 0.02770 0.03480 0 0 0 0.04830 0 1050000000 3553000000 15756000000 31941000000 1405000000 53705000000 0.05060 0.03050 0.05380 0.03840 0.03450 1068000000 6266000000 3104000000 10888000000 1763000000 23089000000 154.135 153.954 167.846 0 0 1.092 1.093 1.089 1.121 1.121 0 1.197 1.167 1.179 0 0 1.392 0 1.277 1.388 0 0 8000000 58000000 2000000 68000000 100000000 905000000 576000000 5614000000 719000000 7914000000 1.183 0 1.254 1.198 1.189 0 1.663 0 1.383 1.537 0.02570 0.02540 0.02960 0.02420 0.04810 746000000 2790000000 6849000000 34331000000 17003000000 61719000000 0 0.02155 0.01500 0.05725 0.05371 0.03303 0.02809 0.02101 0.03139 0.00330 0 0 0 0.00403 0 0.05075 0.04422 0.01983 0.03653 0.04991 0 0.01650 0.02350 0 0 0 0 0 0 0.02403 0 0 0 0 0.03824 0 0 0.04880 0.03200 0 0 0 0 0.01960 0 0 0 0 0 0.03252 329000000 250000000 697000000 0 0 1276000000 0 8.273 8.284 0 0 21.73 0 0 0 0 46000000 99000000 956000000 3750000000 1608000000 6459000000 0 0 0 0.05710 0.06101 0 0 0 0.04264 0 0 0 0 0 0.00697 0 0 0 0.04618 0 0 0 0 0.00975 0.01407 0 0 0 0.03441 0.04155 0 0 0 0.02021 0.01919 0 0 0 0 0 0.11669 0.11703 0.09869 0.09356 0 0 0 0.08800 0 0 0 0 0 1.617 1.584 0 0 0 0 1.666 0 26.131 25.365 24.832 0 0 0 0 0 0 0 0 0.940 0.948 0 0 0 0 8.488 0 0 0 0 137.802 129.229 0 0 0 19.083 0 0 0 0 9.519 10.651 0 0 4.948 4.927 4.980 0 0 0 1.019 0.935 0 0 0 0 0 0 0 0.055 0 0 0 0 0 500000000 0 500000000 236000000 0 288000000 213000000 80000000 817000000 0 0 0 0.05678 0 0.02258 0 0 0 0 0 0 1.590 1.577 1.562 0 0 4.940 0 0 1.002 0 0 0 0 0 0 2120000000 9003000000 507000000 11630000000 0 0 0.02964 0.02695 0.03016 0 0 0.01650 0 0 9000000 0 9000000 0 0 18000000 1.129 0 1.119 0 0 2574000000 4530000000 9866000000 207000000 0 17177000000 6.892 6.979 6.652 0 0 1054.241 1018.994 1108.027 1099.571 0 0 4566 0 0 0 0.860 0.867 0.884 0 0 22.187 23.465 22.823 0 0 0 1.078 1.175 0 0 4.321 4.307 4.309 0 0 1.611 0 0 0 0 48.093 48.729 49.916 53.350 0 1431000000 4446000000 6878000000 33324000000 15991000000 62070000000 0 0.00020 0.03120 0.02640 0.05370 0.01340 0.00010 0.02000 0.03460 0.03170 0.00010 0.03500 0.02740 0.04460 0.04720 0 0 0 0.02000 0 0 0 0 0 0.02400 0 0 0 0 0.03820 0 0.03610 0 0.04200 0 0 0 0 0.01960 0 0 0 0 0 0.03250 473000000 405000000 287000000 0 0 1165000000 7.710 7.710 7.710 0 0 21.78 0 0 0 0 12000000 148000000 1355000000 4859000000 1669000000 8043000000 0 0 0 0.05690 0.06100 0 0 0 0.04190 0 0 0 0 0 0.06970 0 0 0 0.04620 0 0 0 0 0.01300 0.01410 0 0 0 0.03440 0.04500 0 0 0 0.02030 0.02250 0 0.12750 0.10580 0.10540 0.07760 0.06690 0 0 0 0 0 0 0.11300 0 0 0 0 0 1.599 1.584 0 0 0 0 1.666 0 0 26.030 25.634 0 1.189 0 0 0 0 0 0 0.982 0.943 0 0 0 0 8.488 0 0 0 0 134.151 129.229 0 0 0 19.083 0 0 0 0 9.519 10.429 0 4.810 0 4.940 4.980 0 0 0 1.019 0.932 0 0 0 0 0 0 0 0.052 0 0 0 0 0 500000000 0 500000000 0 0 0 1055000000 84000000 1139000000 0 0 0 0.03520 0 0 0 0 0.03110 0 0 0 0 1.580 1.560 0 0 0 4.940 0 0 0 0 1.000 0 0 0 6200000000 5820000000 0 12020000000 0 0 0 0.02910 0 14000000 83000000 125000000 0 0 222000000 1.200 1.170 1.190 0 0 3240000000 5070000000 12821000000 0 0 21131000000 5.990 6.120 6.270 0 0 1052.78 1066.58 1045.09 0 0 0 4703 0 0 0 0.860 0.850 0.850 0 0 20.280 19.830 21.970 0 0 1.090 1.080 1.090 0 0 4.370 4.410 4.410 0 0 0 1.500 0 0 0 0 0.940 0 0 0 45.820 45.160 48.290 0 0 1532000000 194000000 7880000000 22714000000 8775000000 41095000000 0 0 0.01375 0.04479 0.02036 0.00096 0.00014 0.02085 0.02422 0.03421 0 0 0.01010 0 0 0.00015 0.03688 0.02603 0.03801 0.04446 278000000 634000000 524000000 50000000 0 1486000000 3.784 3.751 0 0 0 0 7.323 7.732 7.716 0 1.648 1.665 0 0 0 0 19.363 0 0 0 4159.19 3998.06 0 0 0 10.929 11.057 0 0 0 4.095 4.110 0 0 0 30000000 66000000 1450000000 4321000000 1150000000 7017000000 0 0 0 0.04800 0.03615 0 0 0 0.02000 0 0.05130 0 0 0.03967 0 0 0 0.02580 0.05270 0 0 0 0.00465 0.01298 0.01407 0 0 0 0.03441 0.04501 0 0 0 0.01243 0 0 0 0.14250 0 0 0 0.17980 0.06152 0.13207 0.07149 0 0 -0.00140 0 0 0 0 0.03450 0 0 0 0 0 1.499 1.545 0 0 0 25.831 0 0 0 0.891 0.961 0 0 0 8.782 8.666 0 0 0 120.568 134.151 129.229 0 0 0 9.519 10.429 4.711 0 0 4.887 0 0 0 0 1.104 0 0 0 0 0 19.083 0 0 0.001 0 0 0 0 0 0 1.666 0 0 0.058 0 0 0 0 414000000 1075000000 86000000 1575000000 0 0 0 0.03106 0 0 0 0 0.03521 0 0 0 1.173 0 0 0 0 1.625 1.584 1.562 0 0 0 4.940 0 0 0 0 1.002 0 750000000 1500000000 7750000000 0 0 10000000000 0.00124 0.00889 0.00016 0 0 13000000 25000000 111000000 0 0 1.148 1.146 1.138 0 0 3593000000 4870000000 8034000000 0 0 16497000000 5.569 5.505 5.481 0 0 916.724 936.166 987.202 0 0 0 4525.656 0 0 0 0.866 0.867 0.876 0 0 20.078 20.589 20.210 0 0 0 1.129 1.081 0 0 4.664 4.752 4.580 0 0 0 1.461 0 0 0 0 0.940 0 0 0 43.235 43.521 44.400 0 0 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the hedged items, the following table shows the detail of the type of hedging, the risk that is hedged and which products are being hedged at 31 December 2025, 2024 and 2023. The products that are being hedged are mainly borrowed deposits, financial deposits, loans, government bonds as assets and financial bonds as liabilities: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">166,907</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">107,124</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">461</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">152,380 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">93,395 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(201)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">364 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,154 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(43)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,063)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,174)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">381 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">240 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(131)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">19,666</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(7,867)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,666</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(7,867)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">186,573</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">107,124</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(738)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(7,466)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">237</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.720%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">138,906</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">32,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,412)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,200)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(461)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">133,149 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,780 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,345)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,176)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(343)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,017 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7,205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Base risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(564)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(478)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(156)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(794)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">83 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(439)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(52)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">23,559</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(420)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">23,559</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(420)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,002)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">162,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">32,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,412)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,200)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,445)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,480)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:16.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.016%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:11pt"><td colspan="27" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:33pt"><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Accumulated amount of fair value adjustments on the hedged item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Balance sheet line item</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Change in fair value of hedged item for ineffectiveness assessment</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow reserves or conversion reserves</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:1pt solid #c3dee7;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Continuing hedges</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Discontinued hedges</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">134,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Loans and advances / Deposits and Debt securities / Debt securities issued</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,928</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">130,672 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,682)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1,546)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,757 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">637 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,786 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(115)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,824)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2,182)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(797)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">500 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(80)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest and Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(144)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">196 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">18,706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18,706 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,888 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">152,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">26,946</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,798)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(1,652)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(9,497)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(173)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 166907000000 107124000000 -191000000 490000000 461000000 0 0 152380000000 93395000000 -201000000 364000000 400000000 0 0 2154000000 242000000 -6000000 0 -43000000 0 0 9619000000 13487000000 3000000 126000000 66000000 0 0 2253000000 0 13000000 0 38000000 0 0 0 0 0 0 0 0 0 501000000 0 0 0 0 0 0 0 0 0 0 0 0 0 -1063000000 401000000 235000000 -1174000000 381000000 86000000 240000000 -8000000 0 -8000000 28000000 -13000000 -131000000 0 162000000 10000000 0 0 0 0 19666000000 0 -136000000 -7867000000 2000000 19666000000 0 -136000000 -7867000000 2000000 186573000000 107124000000 -191000000 490000000 -738000000 -7466000000 237000000 138906000000 32642000000 -1412000000 -1200000000 -461000000 0 0 133149000000 23780000000 -1345000000 -1176000000 -343000000 0 0 2017000000 1562000000 1000000 3000000 -118000000 0 0 3238000000 7205000000 -68000000 -27000000 1000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 502000000 0 0 0 0 0 0 0 95000000 0 0 -1000000 0 0 -564000000 -478000000 50000000 -156000000 -794000000 83000000 -439000000 213000000 19000000 -40000000 11000000 0 69000000 82000000 -52000000 2000000 10000000 0 23559000000 0 -420000000 -8002000000 0 23559000000 0 -420000000 -8002000000 0 162465000000 32642000000 -1412000000 -1200000000 -1445000000 -8480000000 50000000 134095000000 26946000000 -1798000000 -1652000000 1928000000 0 130672000000 19176000000 -1682000000 -1546000000 1757000000 0 0 637000000 1365000000 -1000000 -3000000 60000000 0 0 2786000000 6405000000 -115000000 -103000000 111000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -1824000000 -813000000 -173000000 -2182000000 -797000000 -77000000 500000000 -80000000 0 100000000 -144000000 0 -233000000 196000000 -96000000 -9000000 12000000 0 18706000000 0 1888000000 -8684000000 0 18706000000 0 1888000000 -8684000000 0 152801000000 26946000000 -1798000000 -1652000000 1992000000 -9497000000 -173000000 -227000000 -775000000 -1006000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net impact of the hedges are shown in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></div></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></div></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,063</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(706)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,174 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(638)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(240)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(233)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">131 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(706)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,256)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,166)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">319 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(340)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(69)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,256)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:25.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.347%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="4" style="border-bottom:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="15" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr style="height:12pt"><td colspan="15" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Earnings/(losses) recognised in another cumulative overall result</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Ineffective coverage recognised in the income statement</span></td><td colspan="3" rowspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes the ineffectiveness of cash flows</span></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reclassified amount of reserves to the income statement due to:</span></td></tr><tr style="height:39pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cover transaction affecting the income statement</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Line of the income statement that includes reclassified items</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value hedges</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#b6b6b6;border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains or losses financial assets/liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest margin/Gains or losses financial assets/liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,179 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,647)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Inflation risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges<br/>hedges</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,888)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">704</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,622)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr></table></div> 7000000 -33000000 3000000 -9000000 46000000 1063000000 4000000 706000000 1174000000 -3000000 638000000 -240000000 7000000 -85000000 8000000 -10000000 233000000 131000000 -80000000 -10000000 10000000 0 136000000 0 0 136000000 0 0 1199000000 11000000 706000000 22000000 30000000 -17000000 9000000 558000000 -6000000 1256000000 163000000 -12000000 1166000000 312000000 20000000 -319000000 155000000 -14000000 340000000 -70000000 0 69000000 -2000000 0 0 420000000 0 0 420000000 0 0 978000000 16000000 1256000000 59000000 72000000 -38000000 25000000 2592000000 4000000 2622000000 2179000000 2000000 1647000000 7000000 -1000000 416000000 164000000 2000000 431000000 233000000 1000000 128000000 9000000 0 0 -1888000000 0 0 -1888000000 0 0 704000000 63000000 2622000000 <div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the movement in the impact of equity for the year:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.555%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 8.09pt 0 1pt;text-indent:-7.09pt"><div style="margin-bottom:6pt;padding-right:7.09pt;text-align:justify;text-indent:-7.09pt"></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,300)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,424)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,187)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cash flow hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,049</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">558</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,155</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,174</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,179</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">638 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,647 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">536 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,003)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(229)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(240)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(85)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(319)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">416 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(155)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(409)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">164</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">233 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">431 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(225)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(185)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">267 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Inflation risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(80)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">211 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(139)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(16)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value - recognized in equity</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(8)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:17.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other reclassifications</span></div></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:60.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.554%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.555%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net foreign investments hedges</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">C) Designated elements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">136</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Amounts transferred to income statements</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 18.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain or loss in value CFE - recognized in equity</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">136 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">420</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,888)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair Value hedges</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate risk</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate and exchange rate risk</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">A) Not designated elements - linked to a time period</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">B) Not designated elements - linked to a transaction</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Minorities, taxes and others</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(330)</span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">146</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(941)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7,445)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,300)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,424)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> -8300000000 -9424000000 -9187000000 1049000000 558000000 2592000000 1155000000 163000000 2179000000 -19000000 0 0 -19000000 0 0 0 0 0 0 0 0 0 0 0 1174000000 163000000 2179000000 638000000 1166000000 1647000000 536000000 -1003000000 532000000 -229000000 312000000 7000000 11000000 0 0 26000000 0 0 -15000000 0 0 0 0 0 0 0 0 -240000000 312000000 7000000 -85000000 -319000000 416000000 -155000000 631000000 -409000000 8000000 155000000 164000000 0 0 0 0 0 0 8000000 155000000 164000000 233000000 340000000 431000000 -225000000 -185000000 267000000 131000000 -70000000 233000000 -80000000 69000000 128000000 211000000 -139000000 105000000 -16000000 -2000000 9000000 -6000000 0 0 -8000000 0 0 2000000 0 0 0 0 0 0 0 0 -10000000 -2000000 9000000 0 0 0 -10000000 -2000000 9000000 136000000 420000000 -1888000000 136000000 420000000 -1888000000 0 0 0 0 0 0 136000000 420000000 -1888000000 0 0 0 136000000 420000000 -1888000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -330000000 146000000 -941000000 -7445000000 -8300000000 -9424000000 Discontinued operations<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As a result of the agreement for the sale of part of the Polish business, the effect of these businesses on the consolidated income statement of 2025 has been classified under the line item 'Profit/(loss) after tax from discontinued operations', with the same classification applied for comparative purposes in the consolidated income statement of years 2024 and 2023 (see Note 3).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i3e43c14d3f6246aaa8000757a85fe2db"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the heading 'Profit/loss after tax from discontinued operations' at 31 December of 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Bank Polska (Note 3)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,241</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,058</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Profit/loss after tax from discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,542</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">1,241</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">1,058</span></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id047b6c8096344d99edc2514b6af0369"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Gains or losses from entities held for sale</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following are the consolidated summary profit and loss accounts for the business held for sale in Poland:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated income statements</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest margin</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,006 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,881 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,611 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividend income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net trading income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating results</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,720</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,014)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(885)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(793)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment of financial assets</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(285)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(508)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other results and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(471)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(423)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,950</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,454</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(439)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(396)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,542</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of which EUR 144 million correspond to renegotiations or contractual modifications at 31 December 2025 (EUR 334 and 457 million at 31 December 2024 and 2023, respectively).</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following is a breakdown of the heading 'Profit/loss after tax from discontinued operations' at 31 December of 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Entities held for sale</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Santander Bank Polska (Note 3)</span></div></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,241</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">1,058</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">Profit/loss after tax from discontinued operations</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,542</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">1,241</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:700;line-height:105%">1,058</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following are the consolidated summary profit and loss accounts for the business held for sale in Poland:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Condensed consolidated income statements</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest margin</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,006 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,881 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,611 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividend income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments accounted for using the equity method</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net trading income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating results</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,720</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,014)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(885)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(793)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment of financial assets</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline"> A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(285)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(508)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(658)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other results and provisions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(471)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(423)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(267)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit before taxes</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,950</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,454</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(439)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(396)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit of the year</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,542</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,058</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Of which EUR 144 million correspond to renegotiations or contractual modifications at 31 December 2025 (EUR 334 and 457 million at 31 December 2024 and 2023, respectively).</span></div> 1542000000 1241000000 1058000000 1542000000 1241000000 1058000000 3006000000 2881000000 2611000000 4000000 4000000 3000000 28000000 24000000 22000000 685000000 634000000 562000000 74000000 62000000 68000000 -77000000 -109000000 -94000000 3720000000 3496000000 3172000000 1014000000 885000000 793000000 285000000 508000000 658000000 471000000 423000000 267000000 1950000000 1680000000 1454000000 408000000 439000000 396000000 1542000000 1241000000 1058000000 144000000 334000000 457000000 Interest income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest and similar income in the consolidated income statement comprises the interest accruing in the year on all financial assets with an implicit or explicit return, calculated by applying the effective interest method, irrespective of measurement at fair value; and the rectifications of income as a result of hedge accounting. Interest is recognised gross, without deducting any tax withheld at source.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main interest and similar income items earned in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:57.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,830 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,900 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,879 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,890 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, central banks and credit institutions</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,599 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,195 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,391 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,679 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Mainly include the rectification of income originating from accounting hedges as well as interest on balances in central banks and on demand credit institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most of the interest and similar income was generated by the Group’s financial assets that are measured either at amortised cost or at fair value through other comprehensive income.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main interest and similar income items earned in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:57.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.834%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,830 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,900 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,879 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,890 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,955 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances, central banks and credit institutions</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,599 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,195 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,391 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,486 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,679 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,710</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109,012</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Mainly include the rectification of income originating from accounting hedges as well as interest on balances in central banks and on demand credit institutions.</span></div> 70830000000 74900000000 67879000000 15890000000 15431000000 13955000000 7599000000 8195000000 7229000000 7391000000 10486000000 12679000000 101710000000 109012000000 101742000000 Interest expense<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest expense and similar charges in the consolidated income statement includes the interest accruing in the year on all financial liabilities with an implicit or explicit return, including remuneration in kind, calculated by applying the effective interest method, irrespective of measurement at fair value; the rectifications of cost as a result of hedge accounting; and the interest cost attributable to provisions recorded for pensions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main items of interest expense and similar charges accrued in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,735 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,457 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued and subordinated liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,066 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,580 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,255 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,661 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities (note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institution deposits</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,151 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease Liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for pensions (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest expense</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,212 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,291 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,384 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,362</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most of the interest expense and similar charges was generated by the Group’s financial liabilities that are measured at amortised cost.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main items of interest expense and similar charges accrued in 2025, 2024 and 2023 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:58.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.480%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,735 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,714 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,457 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued and subordinated liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,066 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,580 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,255 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,661 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Subordinated liabilities (note 23)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,486 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,357 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and credit institution deposits</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,151 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Lease Liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">107 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provisions for pensions (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other interest expense</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,212 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,291 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,384 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,362</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">65,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 31735000000 35714000000 32457000000 15066000000 14612000000 12671000000 13580000000 13255000000 11661000000 1486000000 1357000000 1010000000 8151000000 9381000000 9360000000 107000000 122000000 127000000 91000000 105000000 93000000 4212000000 5291000000 6384000000 59362000000 65225000000 61092000000 Dividend income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Dividend income includes the dividends and payments on equity instruments out of profits generated by investees after the acquisition of the equity interest.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of income from dividends as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dividend income classified as:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">521 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">715</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of income from dividends as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:53.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.023%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.025%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Dividend income classified as:</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">556 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">521 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">715</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">568</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 556000000 521000000 414000000 57000000 71000000 68000000 102000000 118000000 86000000 715000000 710000000 568000000 Commission income<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Commission income comprises the amount of all fees and commissions accruing in favour of the Group in the year, except those that form an integral part of the effective interest rate on financial instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of fee and commission income is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from collection and payment services</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bills</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand accounts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,039 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Orders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cheques and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,354</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,534</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from non-banking financial products</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,428 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,037 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,782 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,448</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from Securities services</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities underwriting and placement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">654 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">452 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administration and custody</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">402 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">385 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,043</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,662</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">848 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">705 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commitments and financial guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">718 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commitment fees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">504 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Structure Finance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Finance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan Servicing activities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fees and commissions</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">950 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">952 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">911 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,542</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,387</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of fee and commission income is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from collection and payment services</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Bills</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Demand accounts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,039 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Orders</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">607 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">657 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cheques and other</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,354</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,534</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from non-banking financial products</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,428 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,037 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">194 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,782 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,448</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,448</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Coming from Securities services</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities underwriting and placement</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">586 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Securities trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">654 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">452 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administration and custody</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">402 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">370 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Asset management</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">385 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,043</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,662</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreign exchange</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">848 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">705 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">678 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commitments and financial guarantees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">718 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">621 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commitment fees</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">504 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Structure Finance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Corporate Finance</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans granted</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">259 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan Servicing activities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fees and commissions</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">950 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">952 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">911 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,542</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,387</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 209000000 220000000 232000000 1359000000 1411000000 1372000000 4039000000 4067000000 4146000000 607000000 657000000 656000000 140000000 138000000 128000000 6354000000 6493000000 6534000000 1428000000 1389000000 1037000000 238000000 194000000 178000000 2782000000 2865000000 2669000000 4448000000 4448000000 3884000000 602000000 586000000 502000000 654000000 452000000 331000000 402000000 370000000 354000000 385000000 254000000 341000000 2043000000 1662000000 1528000000 848000000 705000000 678000000 718000000 713000000 621000000 504000000 491000000 497000000 902000000 709000000 551000000 243000000 213000000 136000000 259000000 318000000 259000000 118000000 130000000 45000000 950000000 952000000 911000000 4542000000 4231000000 3698000000 17387000000 16834000000 15644000000 Commission expense<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Commission expense shows the amount of all fees and commissions paid or payable by the Group in the year, except those that form an integral part of the effective interest rate on financial instruments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of commission expense is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,816 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,858 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By collection and return of effects</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees and other commitments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brokerages and intermediaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sales of insurance and funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">456 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fees and commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,692 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,458</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of commission expense is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cards</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,744 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,816 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,858 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">By collection and return of effects</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees and other commitments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brokerages and intermediaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Sales of insurance and funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">456 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other fees and commissions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,692 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,411</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,458</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,149</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1744000000 1816000000 1858000000 30000000 30000000 24000000 359000000 323000000 282000000 130000000 181000000 204000000 456000000 453000000 352000000 1692000000 1655000000 1429000000 4411000000 4458000000 4149000000 Gains or losses on financial assets and liabilities<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following information is presented below regarding the gains or losses recorded for financial assets or liabilities:</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i83bfac63a19742548b151d90683cb331"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by origin, of Gains/losses on financial assets and liabilities:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Other financial assets and liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities held for trading, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,017 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,106 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(307)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses from hedge accounting, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,955</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments.</span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net':</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">407 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt"><span id="i8fbc9dd376b94fc4a7f56b206a169c54"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Financial assets and liabilities at fair value through profit or loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the amount of the asset balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,218 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,931 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,072 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,632 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,380 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,722 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,206 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,835 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,707 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,355 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">268,125</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244,298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,604</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander mitigates and reduces this exposure as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">With respect to derivatives, the Group has entered into framework agreements with a large number of credit institutions and customers for the netting-off of asset positions and the provision of collateral for non-payment.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the exposure to credit risk of the derivatives presented in the balance sheet is not significant because they are subject to netting and collateral agreements (see note 51.d).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Loans and advances to credit institutions and Loans and advances includes reverse repos amounting to EUR 71,129 million at 31 December 2025.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Also, mortgage-backed assets totalled EUR 1,597 million.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt instruments include EUR 80,908 million of Spanish and foreign government securities.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the amount of the change in the year in the fair value of financial assets at fair value through profit or loss attributable to variations in their credit risk (spread) was not material.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the amount of the liability balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,003 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,374 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,503 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,471 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,074 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,017 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,482 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,050 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,391 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,889 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,015 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,968 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,753 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">213,694</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">188,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the amount of the change in the fair value of financial liabilities at fair value through profit or loss attributable to changes in their credit risk during the year is not material.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to liabilities designated at fair value through profit or loss where it has been determined at initial recognition that the credit risk is recorded in accumulated 'Other comprehensive income' (see 'Statement of recognised income and expense') the amount that the Group would be contractually obliged to pay on maturity of these liabilities at 31 December 2025 is EUR 1,281 million higher than their carrying amount (EUR 1,851 million higher at 31 December 2024 and EUR 866 million higher at 31 December 2023, no significant impact on results as its fair value is covered by hedging operations.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within Deposits, there are repurchase agreements amounting to EUR 75,562 million at 31 December 2025.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by origin, of Gains/losses on financial assets and liabilities:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities not measured at fair value through profit or loss, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">127 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(89)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Other financial assets and liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">216 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities held for trading, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,017 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,316 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on non-trading financial assets and liabilities mandatory at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,106 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses on financial assets and liabilities measured at fair value through profit or loss, net</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(307)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses from hedge accounting, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,955</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes the net result obtained by transactions with debt securities, equity instruments, derivatives and short positions included in this portfolio when the Group jointly manages its risk in these instruments.</span></div> 127000000 -117000000 96000000 -89000000 -190000000 -3000000 216000000 73000000 99000000 133000000 50000000 51000000 1017000000 1344000000 2316000000 1106000000 495000000 198000000 -307000000 691000000 -92000000 12000000 14000000 69000000 1955000000 2427000000 2587000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As explained in note 44, the above breakdown should be analysed in conjunction with the 'Exchange differences, net':</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences, net</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">407 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 407000000 -216000000 -22000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the amount of the asset balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:54.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,218 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,931 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,072 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,632 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,380 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,722 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,520 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,206 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,835 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,707 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,355 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,328 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">268,125</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244,298</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,604</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 80218000000 72931000000 51072000000 14632000000 12966000000 17717000000 26380000000 27722000000 14520000000 39206000000 32243000000 18835000000 101707000000 85990000000 66079000000 27845000000 21277000000 19125000000 58355000000 64100000000 56328000000 268125000000 244298000000 192604000000 71129000000 1597000000 80908000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the amount of the liability balances is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:51.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,003 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,374 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,503 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,471 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,074 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,017 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,482 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,909 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,050 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,391 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,889 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,015 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,968 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,753 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,589 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">213,694</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">188,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162,637</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 106003000000 87374000000 80503000000 15471000000 15074000000 9017000000 28482000000 27909000000 19597000000 62050000000 44391000000 51889000000 11686000000 7554000000 5371000000 44015000000 35830000000 26174000000 51968000000 57753000000 50589000000 22000000 0 0 213694000000 188511000000 162637000000 1281000000 1851000000 -866000000 75562000000 Exchange differences, net<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exchange differences shows basically the gains or losses on currency dealings, the differences that arise on translations of monetary items in foreign currencies to the functional currency.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander manages the currencies to which it is exposed together with the arrangement of derivative instruments and, accordingly, the changes in this line item should be analysed together with those recognised under 'Gains/losses on financial assets and liabilities' (see note 43).</span></div> Other operating income and expenses<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other operating income and Other operating expenses in the consolidated income statements include:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:56.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,583</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non- financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">738 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">654 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">752 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,429)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,595)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,066)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(650)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(674)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating expense:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,779)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,097)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,392)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, credit institutions deposit guarantee fund and single resolution fund</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(478)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(481)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,083)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(846)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,749)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the 2025 and 2024 financial years, it was decided that there will not be contribution in Spain to the Single Resolution Fund, as well as a decrease in the contribution to the Deposit Guarantee Fund, by the Single Resolution Board (SRB) and the Deposit Guarantee Fund Management Committee, respectively. </span></div>The amount of the Group recognises in relation to income from sub-leases of rights of use is not material. <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Other operating income and Other operating expenses in the consolidated income statements include:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:56.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.099%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,583</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,137</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non- financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">738 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">654 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">752 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other operating expense</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,429)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,595)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,066)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(650)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(498)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(674)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating expense:</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,779)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,097)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,392)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which, credit institutions deposit guarantee fund and single resolution fund</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(478)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(481)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1,083)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(846)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,749)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,929)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 1583000000 846000000 1137000000 738000000 654000000 752000000 845000000 192000000 385000000 2429000000 2595000000 3066000000 650000000 498000000 674000000 1779000000 2097000000 2392000000 478000000 481000000 1083000000 -846000000 -1749000000 -1929000000 Staff costs<div style="margin-bottom:6pt;margin-top:9pt"><span id="i4d455e9c5acf4839a8e63a9d139c4059"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Staff costs is as follows:</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wages and salaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,351 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,567 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,042 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Social Security costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions to provisions for defined benefit pension plans (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions to defined contribution pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,252 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,656</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,851</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,299</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="ifd243c4bb6e9420a9a49d48b3e7fe5b3"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Headcount</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The number of employees of Grupo Santander at 31 December 2025, 2024 and 2023 is 198,403, 206,753 and 212,764, respectively. For the years 2025, 2024 and 2023 the average number of employees of the Group is 203,572, 209,371 and 211,135 , respectively, being the average number of employees of Banco Santander, S.A. 23,207, 23,839 and 24,061, of which 17, 15 and 16 are executive directors and Senior management, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The functional breakdown (final employment), by gender, at 31 December 2025 is as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:11.232%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.542%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.289%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.394%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.289%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.784%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Functional breakdown by gender</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other employees</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Europe</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">918 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,778 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,052 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,404 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,094 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">North America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,859 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,555 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,517 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">South America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,383</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,315</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Senior Executives includes employees with job profiles under the following harmonized management levels: Senior Executive VP. Executive VP and VP. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Other Executives includes Directors, Mangers, Experts and Branch Managers.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: This includes employees related to the Group's business held for sale in Poland.</span></div><div style="padding-left:7.09pt;padding-right:263.62pt;text-indent:-7.09pt"><span><br/></span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The labour relations between employees and the various Group companies are governed by the related collective agreements or similar regulations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The number of Group employees with disabilities at 31 December 2025, 2024 and 2023, was 4,854, 4,828 and 4,701, respectively.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Likewise, the average number of employees of Banco Santander, S.A. with disabilities, equal to or greater than 33%, during 2025 was 419 (435 and 428 employees during 2024 and 2023). At the end of fiscal year 2025, there were 413 employees (432 and 436 employees at 31 December, 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">An employee with disabilities is considered to be a person who is recognised by the State or the company in each jurisdiction where the Group operates and that entitles them to receive direct monetary assistance, or other types of aid such as, for example, reduction of their taxes. In the case of Spain, employees with disabilities have been considered to be those with a degree of disabilities greater than or equal to 33%.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span id="i6425136598324ad399e750687187848e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Share-based payments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main share-based payments granted by the Group in force at 31 December, 2025, 2024 and 2023 are described below.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i634d8e2aa9134b8783b4118d8b879f0e"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i. Bank</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The variable remuneration policy for the Bank’s executive directors and certain executive personnel of the Bank and of other Group companies includes Bank share-based payments, the implementation of which requires, in conformity with the law and the Bank’s Bylaws, specific resolutions to be adopted by the general meeting.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Were it necessary or advisable for legal, regulatory or other similar reasons, the delivery mechanisms described below may be adapted in specific cases without altering the maximum number of shares linked to the plan or the essential conditions to which the delivery thereof is subject. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These adaptations may involve replacing the delivery of shares with the delivery of cash amounts of an equal value.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The plans that include share-based payments are as follows: (i) Deferred and Conditional Variable Remuneration Plan; (ii) Deferred Multiyear Objectives Variable Remuneration Plan; (iii) Digital Transformation Award, (iv) Digital Transformation Award 2022, Digital Transformation Award 2023 and (vi) PagoNxt incentive Plan 2024 and 2025 for Santander executives. The characteristics of the plans are set forth below: </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the sixth cycles, over <span style="-sec-ix-hidden:f-10847">three</span> or five years for the fifth, seventh, eighth, ninth, tenth and eleventh cycles, and over <span style="-sec-ix-hidden:f-10849">four</span> or five years for the twelfth cycle, for it to be paid, where appropriate, in cash and in Santander shares. The other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Beneficiaries:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as executives and employees who assume risks (fifth cycle).</span></div><div><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">In the case of the sixth, seventh, eighth, ninth, tenth, eleventh twelfth, thirteenth, fourteenth and fifteenth cycle the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For the fifth and sixth cycles (2015 to 2016), the accrual of the deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations on none of the following circumstances existing during the period prior to each delivery, pursuant to the provisions set forth in each case in the plan regulations: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Poor financial performance of the Group.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Breach by the beneficiary of internal regulations, including, in particular, those relating to risks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Significant changes in the Group’s economic capital or risk profile</span></div><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the case of the seventh, eighth, ninth, tenth, eleventh, twelfth, thirteenth, fourteenth and fifteenth cycles, the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to non-occurrence of a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">significant failures in risk management by the entity , or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Fifth cycle (2015):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over 5 years deferral period.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Division managers, country heads (of countries which represent at least 1% of Group's economic capital), other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 5 years (fifth cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over 3 years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Sixth cycle (2016):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">60% of bonus will be paid immediately and 40% deferred over a <span style="-sec-ix-hidden:f-10867">three</span> year period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50%paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Twelfth (2022), thirteenth (2023),fourteenth (2024) and fifteenth (2025) cycle:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50% paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 4 years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">T</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span><br/></span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of <span style="-sec-ix-hidden:f-10914">three</span> or five years (<span style="-sec-ix-hidden:f-10916">four</span> or five years for the seventh cycle) for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares (regarding the instruments part, executive directors in the seventh cycle have the opportunity to choose all in share options or half in share options and half in shares), upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of 3 years deferral), the last 2 fourths (in the case of 4 years deferral) and the last three fifths (in the case of 5 years deferral) is also subject to long-term objectives.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Beneficiaries</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Executive directors, senior management and certain executives of the Group’s first lines of responsibility.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations, to non-occurrence of the following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: </span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">Poor performance of the Group.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">Breach by the beneficiary of the internal regulations, including in particular that relating to risks.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Significant changes in the Group’s economic capital or risk profile. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary' permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, taking into account the following factors:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.12pt">Significant failures in risk management committed by the entity, or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vi.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:5.82pt">Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">viii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:4.17pt">Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions.</span></div><div style="text-indent:3.83pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Paid half in cash and half in shares. In the seventh cycle, and only for executive directors: half in cash and 25% in share options and 25% in shares (unless the director chooses to receive options only). The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the eighth cycle, and for all Identified Staff: half in cash and 25% in shares and 25% in share options, or half in cash and half in shares, according to each executive´s choice.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the ninth and tenth cycle, half in cash and half in shares.</span></div><div><span><br/></span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">First cycle (2016): </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a 5 year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over a 3 year period. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Earnings per share (EPS) growth in 2018 over 2015. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial year 2018. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with Grupo Santander’s underlying return on risk-weighted assets ('RoRWA') growth target for financial year 2018 compared to financial year 2015. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of 9 entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. </span></div><div style="text-indent:9pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the seventh (2022), eighth cycle (2023), ninth (2025) and tenth cycle (2025), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of four years and five years deferrals) are:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024 (7th cycle), 2025 (8th cycle), 2026 (9th cycle) and 2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 9 credit institutions for the period 2022-2024 (7th cycle), 2023-2025 (8th cycle), 2024-2026 (9th cycle) and 2025-2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Progress level in the public targets of our Sustainability agenda.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iii) Digital Transformation Award (2019, 2020 and 2021)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The 2019, 2020 and 2021 Digital Transformation Incentive (the 'Digital Incentive') is a variable remuneration system that includes the delivery of Santander shares and share options.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a 'next generation' platform and launch in 3 markets; (iv) extension of SuperDigital in Brazil to at least one other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to 'new-mode' bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. </span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019).</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iv) Digital Transformation Award (2022)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2022 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">splits in two different blocks:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">• The first one, with the same mechanism than previous years,</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to 250 (is limited to 30 million euros)employees whose functions are deemed essential to Santander’s growth.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">• And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of the first block of the incentive shall be measured based on achievement of the following milestones:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii. Agile: Agile ways of working enable a better and faster reaction to customers’ needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv. In Digital Consumer Bank:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">b) To support the definition of Openbank US’s IT digital strategy and achieve 2022 milestones in it.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">c) To have the new leasing platform connected to dealers in Italy.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The first block of thee Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after ten years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2022 Digital Incentive was 96.5%.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was 100%.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(v) Digital Transformation Award (2023)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2023 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2023 was 88%.</span></div></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(vi) PagoNxt incentive Plan 2024 and 2025 for Santander executives)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the PagoNxt incentive Plan 2024 and 2025 Incentive. It is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs, and is aimed at approximately to 50 - 60 employees whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive is structures in restricted stock units (RSUs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2024 was 77% and 85% in 2025.</span></div></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i71e8eb5031f74984a64fbc0db04bf1af"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii. Santander UK plc </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.348%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of shares (in thousand)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exercise price in pounds sterling</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Employee group</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of persons</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of commencement of exercise period</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of expiry of exercise period</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 01/01/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,988</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,175 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,980)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,044)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,991 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/27</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/29</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,004)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,324 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.35 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,637 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/25</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,966)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,554)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">At 31 December, 2025, 2024 and 2023, the euro/pound sterling exchange rate was 1.15, 1.21 and 1.15 , respectively.</span></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Number of accounts/contracts. A single employee may have more than one account/contract.</span></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2008 the Group launched a voluntary savings scheme for Santander UK employees (Sharesave Scheme) whereby employees who join the scheme see deducted between GBP 5 and GBP 500 from their net monthly pay over a period of <span style="-sec-ix-hidden:f-11036">three</span> or five years. At the end of the chosen period, the employee may choose between collecting the amount contributed, the interest accrued and a bonus (tax-exempt in the United Kingdom) or exercising options on shares of the Bank in an amount equal to the sum of such three amounts at a fixed price. The exercise price will be the result of reducing by up to 20% the average purchase and sale prices of the Bank shares in the three trading sessions prior to the approval of the scheme by the UK tax authorities (HMRC). This approval must be received within 21 to 41 days following the publication of the Group’s results for the first half of the year. This scheme was approved by the board of directors, at the proposal of the appointments and remuneration committee, and, since it involved the delivery of Bank shares, its application was authorized by the Annual General Meeting held on June 21, 2008. Also, the scheme was authorized by the UK tax authorities (HMRC) and commenced in September 2008. In subsequent years, at the Annual General Meetings held on June 19, 2009, June 11, 2010, June 17, 2011, March 30, 2012, March 22, 2013, March 28, 2014, March 27, 2015, March 18, 2016, April 7, 2017, March 23, 2018, April 12, 2019, April 3, 2020 and March 26, 2021, respectively, the shareholders approved the application of schemes previously approved by the board and with similar features to the scheme approved in 2008.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="margin-bottom:3pt"><span id="i39fe1139d2d34e548aef22772b3741b0"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:125%">iii. Fair value</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of the performance share plans was calculated as follows:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4c6fc669c95c4eafb7672b58aa3d0cb3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">a) Deferred variable compensation plan linked to multi-year objectives 2023, 2024 and 2025:</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group calculates at the grant date the fair value of the plan based on the valuation report of an independent expert, Willis Towers Watson. According to the design of the plan for 2023, 2024 and 2025 and the levels of achievement of similar plans in comparable entities, it has been considered that the fair value is 70%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="if42bf1a5501b4b7a8532084f4be275ee"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">b) Santander UK sharesave plans: </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of each option at the date of grant is estimated using an analytical model that also reflects the correlation between EUR and GBP. This model uses assumptions on the share price, the EUR/GBP FX rate, the EUR/GBP risk-free interest rate, dividend yields, the expected volatilities of both the underlying shares and EUR/GBP for the expected lives of options granted. The weighted average grant-date fair value of options granted during the year was GBP 0.44 (GBP 0.23 and GBP 0.33 reported in 2024 and 2023, respectively).</span></div> <div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Staff costs is as follows:</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Wages and salaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,351 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,567 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,042 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Social Security costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,576 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Additions to provisions for defined benefit pension plans (note 25)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Contributions to defined contribution pension funds</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">332 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other Staff costs</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,252 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,656</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,851</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,299</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 10351000000 10567000000 10042000000 1680000000 1644000000 1576000000 41000000 45000000 42000000 332000000 354000000 307000000 1252000000 1241000000 1332000000 13656000000 13851000000 13299000000 198403 206753 212764 203572 209371 211135 23207 23839 24061 17 15 16 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The functional breakdown (final employment), by gender, at 31 December 2025 is as follows:</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:11.232%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.815%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.542%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.289%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.394%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.289%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.784%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Functional breakdown by gender</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other executives</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other employees</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Men</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Women</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Not declared</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Europe</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">918 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,778 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,052 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,404 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,094 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">North America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,859 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,555 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,517 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">South America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,472 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,890 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,383</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,315</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,501</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Senior Executives includes employees with job profiles under the following harmonized management levels: Senior Executive VP. Executive VP and VP. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Other Executives includes Directors, Mangers, Experts and Branch Managers.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: This includes employees related to the Group's business held for sale in Poland.</span></div> 918 426 0 0 8778 5052 0 10 31404 37094 3 39 181 64 0 0 3859 2630 0 4 14555 18517 2 1 284 142 0 0 4678 3398 0 1 30472 35890 0 1 1383 632 0 0 17315 11080 0 15 76431 91501 5 41 4854 4828 4701 0.33 419 435 428 413 432 436 0.33 The characteristics of the plans are set forth below: <div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(i) Deferred and conditional variable remuneration plan (2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of three years for the sixth cycles, over <span style="-sec-ix-hidden:f-10847">three</span> or five years for the fifth, seventh, eighth, ninth, tenth and eleventh cycles, and over <span style="-sec-ix-hidden:f-10849">four</span> or five years for the twelfth cycle, for it to be paid, where appropriate, in cash and in Santander shares. The other portion of the variable remuneration is also to be paid in cash and Santander shares, upon commencement of the cycles, in accordance with the rules set forth below.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Beneficiaries:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and certain executives (including senior management) and employees who assume risk, who perform control functions or receive an overall remuneration which puts them on the same remuneration level as executives and employees who assume risks (fifth cycle).</span></div><div><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">In the case of the sixth, seventh, eighth, ninth, tenth, eleventh twelfth, thirteenth, fourteenth and fifteenth cycle the beneficiaries are Material Risk Takers (Identified staff) that are not beneficiaries of the Deferred Multiyear Objectives Variable Remuneration Plan.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">For the fifth and sixth cycles (2015 to 2016), the accrual of the deferred compensation is conditioned, in addition to the requirement that the beneficiary remains in the Group's employ, with the exceptions included in the plan regulations on none of the following circumstances existing during the period prior to each delivery, pursuant to the provisions set forth in each case in the plan regulations: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Poor financial performance of the Group.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Breach by the beneficiary of internal regulations, including, in particular, those relating to risks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Material restatement of the Group's consolidated financial statements, except when it is required pursuant to a change in accounting standards.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Significant changes in the Group’s economic capital or risk profile</span></div><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the case of the seventh, eighth, ninth, tenth, eleventh, twelfth, thirteenth, fourteenth and fifteenth cycles, the accrual of deferred compensation is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan's regulations, to non-occurrence of a poor performance of the entity as a whole or of a specific division or area of the entity or of the exposures generated by the personnel:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">significant failures in risk management by the entity , or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Regulatory sanctions or judicial sentences for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Irregular behaviours, whether individual or collective, considering in particular the negative effects derived from the marketing of inappropriate products and the responsibilities of the persons or bodies that made those decisions.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Fifth cycle (2015):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than 2.6 million euros: 40% paid immediately and 60% deferred over 5 years deferral period.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Division managers, country heads (of countries which represent at least 1% of Group's economic capital), other executives of the Group with a similar profile and members of the Identified Staff with total variable remuneration between 1.7 million euros (1.8 million in fourth cycle) and 2.6 million euros: 50% paid immediately and 50% deferred over 5 years (fifth cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over 3 years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Sixth cycle (2016):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">60% of bonus will be paid immediately and 40% deferred over a <span style="-sec-ix-hidden:f-10867">three</span> year period.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Seventh, eighth, ninth, tenth and eleventh cycle (2017, 2018, 2019, 2020 and 2021):</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50%paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 3 years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Twelfth (2022), thirteenth (2023),fourteenth (2024) and fifteenth (2025) cycle:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration higher or equal to 2.7 million euros: 40% paid immediately and 60% deferred over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Beneficiaries of these plans with target total variable remuneration between 1.7 million euros and 2.7 million euros: 50% paid immediately and 50% paid over 5 years</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries of these plans: 60% paid immediately and 40% deferred over 4 years.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">T</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="text-indent:10.91pt"><span><br/></span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(ii)Deferred Multiyear Objectives Variable Remuneration Plan (2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 and 2025)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim is simplifying the remuneration structure, improving the ex ante risk adjustment and increasing the impact of the long-term objectives on the Group’s most relevant roles. The purpose of these cycles is to defer a portion of the variable remuneration of the beneficiaries over a period of <span style="-sec-ix-hidden:f-10914">three</span> or five years (<span style="-sec-ix-hidden:f-10916">four</span> or five years for the seventh cycle) for it to be paid, where appropriate, in cash and in Santander shares; the other portion of the variable remuneration is also to be paid in cash and Santander shares (regarding the instruments part, executive directors in the seventh cycle have the opportunity to choose all in share options or half in share options and half in shares), upon commencement of the cycles, in accordance with the rules set forth below. The accrual of the last third of the deferral (in the case of 3 years deferral), the last 2 fourths (in the case of 4 years deferral) and the last three fifths (in the case of 5 years deferral) is also subject to long-term objectives.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:110%">Beneficiaries</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Executive directors, senior management and certain executives of the Group’s first lines of responsibility.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the accrual is conditioned, in addition to the permanence of the beneficiary in the Group, with the exceptions contained in the plan’s regulations, to non-occurrence of the following circumstances during the period prior to each of the deliveries in the terms set forth in each case in the plan’s regulations: </span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:10.75pt">Poor performance of the Group.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.1pt">Breach by the beneficiary of the internal regulations, including in particular that relating to risks.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.45pt">Material restatement of the Group’s consolidated financial statements, except when appropriate under a change in accounting regulations.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">Significant changes in the Group’s economic capital or risk profile. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2017, 2018, 2019, 2020 and 2021 the accrual is conditioned, in addition to the beneficiary' permanence in the Group, with the exceptions contained in the plan’s regulations, to the non-occurrence of poor financial performance from the entity as a whole or of a specific division or area thereof or of the exposures generated by the personnel, taking into account the following factors:</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:9.12pt">Significant failures in risk management committed by the entity, or by a business unit or risk control unit.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vi.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:7.47pt">the increase suffered by the entity or by a business unit of its capital needs, not foreseen at the time of generation of the exposures.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">vii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:5.82pt">Regulatory sanctions or court rulings for events that could be attributable to the unit or the personnel responsible for those. Also, the breach of internal codes of conduct of the entity.</span></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">viii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:4.17pt">Irregular behaviours, whether individual or collective, considering in particular negative effects derived from the marketing of inappropriate products and responsibilities of persons or bodies that made those decisions.</span></div><div style="text-indent:3.83pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Paid half in cash and half in shares. In the seventh cycle, and only for executive directors: half in cash and 25% in share options and 25% in shares (unless the director chooses to receive options only). The maximum number of shares to be delivered is calculated by taking into account the weighted average daily volume of weighted average prices for the fifteen trading sessions prior to the previous Friday (excluding) on the date on which the board decides the bonus for the Executive directors of the Bank. </span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the eighth cycle, and for all Identified Staff: half in cash and 25% in shares and 25% in share options, or half in cash and half in shares, according to each executive´s choice.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the ninth and tenth cycle, half in cash and half in shares.</span></div><div><span><br/></span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">First cycle (2016): </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Executive directors and members of the Identified Staff with total variable remuneration higher than or equal to 2.7 million euros: 40% paid immediately and 60% deferred over a 5 year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Senior managers, country heads of countries representing at least 1% of the Group´s capital and other members of the identified staff whose total variable remuneration is between 1.7 million and 2.7 million euros: 50% paid immediately and 50% deferred over a 5 year period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Other beneficiaries: 60% paid immediately and 40% deferred over a 3 year period. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second, third, fourth, fifth and sixth cycles (2017, 2018, 2019,2020 and 2021 respectively) are under the aforementioned deferral rules, except that the variable remuneration considered is the target for each executive and not the actual award. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In 2016 the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Earnings per share (EPS) growth in 2018 over 2015. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) in the 2016-2018 period measured against a group of credit institutions. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial year 2018. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with Grupo Santander’s underlying return on risk-weighted assets ('RoRWA') growth target for financial year 2018 compared to financial year 2015. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the second, third, fourth, fifth and sixth cycle (2017, 2018, 2019, 2020 and 2021) the metrics for the deferred portion subject to long-term objectives (last third or last three fifths, respectively, for the cases of three years and five years deferrals) are: </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">EPS growth in 2019, 2020, 2021, 2022 and 2023 (over 2016, 2017, 2018, 2019 and 2020, for each respective cycle)</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 17 credit institutions (second and third cycles) in the periods 2017-2019 and 2018-2019, respectively, and against a group of 9 entities (fourth, fifth and sixth cycle) for the 2019-2021, 2020-2022 and 2010-2023 period. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Compliance with the fully-loaded common equity tier 1 ('CET1') ratio target for financial years 2019, 2020, 2021,2022 and 2023, respectively. </span></div><div style="text-indent:9pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">In the seventh (2022), eighth cycle (2023), ninth (2025) and tenth cycle (2025), the metrics for the deferred portion subject to long-term objectives (two last fourths and last three fifths, for the cases of four years and five years deferrals) are:</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Banco Santander's consolidated Return on tangible equity (RoTE) target in 2024 (7th cycle), 2025 (8th cycle), 2026 (9th cycle) and 2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Relative Total Shareholder Return (TSR) measured against a group of 9 credit institutions for the period 2022-2024 (7th cycle), 2023-2025 (8th cycle), 2024-2026 (9th cycle) and 2025-2027 (10th cycle).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:7pt;font-weight:400;line-height:110%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%;padding-left:3.85pt">Progress level in the public targets of our Sustainability agenda.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.235%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation Base</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iii) Digital Transformation Award (2019, 2020 and 2021)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The 2019, 2020 and 2021 Digital Transformation Incentive (the 'Digital Incentive') is a variable remuneration system that includes the delivery of Santander shares and share options.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The number of beneficiaries is limited to a maximum of 250 employees and the total amount of the incentive is limited to 30 million euros.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The funding of this incentive is subject to meeting important milestones that are aligned with the Group´s digital roadmap and have been approved by the board of directors, taking into account the digitalization strategy of the Group, with the aim of becoming the best open, responsible global financial services platform.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of 2019 incentive was measured based on achievement of the following milestones: (i) Launch of a Global Trade Services (GTS) platform; (ii) launch of a Global Merchant Services (GMS) platform; (iii) migration of our fully digital bank, OpenBank, to a 'next generation' platform and launch in 3 markets; (iv) extension of SuperDigital in Brazil to at least one other country; (v) and launch of our international payments app based on blockchain Pago FX to non-Santander customers.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for the 2020 Digital Transformation Award were: (i) rolling out the global merchant services (GMS) platform in 3 new geographies, enhancing the platform functionality and achieving volume targets for transactions and participating merchants; (ii) doing the commercial rollout of the global trade services (GTS) platform in 8 new geographies, enhancing platform functionality, and achieving volume targets for on-boarded clients and monthly active users; (iii) launching OpenBank in a new market and migrating the retail banking infrastructure to 'new-mode' bank; (iv) launch the global platform SuperDigital in at least 4 countries, driving target active user growth; (v) deploying machine learning across pre-defined markets for 4 priority use cases, rolling out Conversion Rate Optimization (Digital marketing) for at least 40 sales programs, delivering profit targets, and driving reduction of agent handled calls in contact centers; (vi) successfully implementing initiatives related to on-board and identity services, common API (application programming interface) layer, payment hubs, mobile app for SMEs and virtual assistant services; and (vii) launching the PagoFX global platform in at least 4 countries.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The milestones for 2021 were: (i)in relation to Pago Nxt Consumer payment platform: implementation of Superdigital platform in seven countries, acquisition of over 1.5 million active customer base and accelerating growth through B2B (business to business) and B2B2C (business to business to customer) partnerships, acquiring more than 50% of the new customers through these channels, which are more cost-effective; (ii)in relation to Digital Consumer Bank: launching online API for checkout lending in the European Union and completion of controllable items for Openbank launch in USA; (iii)in relation to One Santander strategy: implementation in Europe of One Common Mobile Experience and, specifically, implementation of Europe ONE app for individual customers in at least three of the four countries by December 2021; and be among the three-top rated entities in terms of Mobile NetPromoter Score (Mobile NPS) in at least two of the four countries by December 2021; (iv) In relation to cloud adoption: host 75% of migratable virtual machines on cloud technology (either public cloud or OHE) by December 2021. For these purposes, mainframes, physical servers and servers with non-x86 operating systems will be considered non-migratable. </span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after ten years (for granting the 2019 incentive) and eight years (for granting the 2020 and 2021 incentive).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2021 Digital Incentive was 77.5% (85% en 2020 and 83% en 2019).</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(iv) Digital Transformation Award (2022)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2022 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">splits in two different blocks:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">• The first one, with the same mechanism than previous years,</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">that delivers Santander shares and share options if the group hits major milestones on its digital roadmap. This is aimed at a group of up to 250 (is limited to 30 million euros)employees whose functions are deemed essential to Santander’s growth.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">• And the second one, which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The aim of the Digital Incentive is to attract and retain the critical skill sets to support and accelerate the digital transformation of the Group. By means of this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Performance of the first block of the incentive shall be measured based on achievement of the following milestones:</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">i. Edelweiss: Our Santander future retail architecture EDELWEISS will mean moving from our current Core centric banking architecture towards a Customer and Data-Centric Core supported by lean Record Processing engines. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">ii. Simplification: Speed up the simplification of our technology platform and business model by Reducing the total number of applications in production and reducing number of products in the regions.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iii. Agile: Agile ways of working enable a better and faster reaction to customers’ needs and is based on a value-driven delivery that increases efficiency by reducing time-to-market and development costs, and increasing quality. People working in Agile are more collaborative, engaged, empowered and creative. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">iv. In Digital Consumer Bank:</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">a) To create the BNPL platform connected to at least one merchant in Netherlands and Germany, and to make sure the platform is ready to connect in Spain.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">b) To support the definition of Openbank US’s IT digital strategy and achieve 2022 milestones in it.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">c) To have the new leasing platform connected to dealers in Italy.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">d) To expand the Wabi B2B online business to Germany. To execute the first B2B deal with an Original Equipment Manufacturer or mobility player in at least one country. To expand coches.com business and platform to Portugal.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And in regard to the second block of digital incentive: the consolidation of PagoNxt Core Perimeter.</span></div><div><span><br/></span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The first block of thee Digital Incentive is structured 50% in Santander shares and 50% in options over Santander shares, taking into account the fair value of the option at the moment in which they are granted. For Material Risk Takers subject to five years deferrals, the Digital Incentive (shares and options over shares) shall be delivered in thirds, on the third, fourth and fifth anniversary from their granting. For Material Risk Takers subject to three years deferrals and employees not subject to deferrals, delivery shall be done on the third anniversary from their granting.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Any delivery of shares, either directly or via exercise of options overs shares, will be subject generally to the Group’s general </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">malus</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> &amp; </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:110%">clawback</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%"> provisions as described in the Group’s remuneration policy and to the continuity of the beneficiary within the Grupo Santander. In this regard, the board may define specific rules for non-Identified Staff.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Vested share options can be exercised until maturity, with all options lapsing after ten years.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The total achievement for 2022 Digital Incentive was 96.5%.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The second block of Digital Incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The total achievement for 2022 was 100%.</span></div></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(v) Digital Transformation Award (2023)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the 2023 Digital</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">Transformation Incentive. It is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs and premium prices options (PPOs), and is aimed at up to 50</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">employees (and limited to 15 million euros) whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive is structures in restricted stock units (RSUs) and premium priced Options (PPOs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2023 was 88%.</span></div></td></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:9.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.605%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Deferred variable remuneration systems</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;padding-right:4.5pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Description and plan beneficiaries</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Conditions</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Calculation base</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(vi) PagoNxt incentive Plan 2024 and 2025 for Santander executives)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">The board of directors approved the PagoNxt incentive Plan 2024 and 2025 Incentive. It is a variable remuneration scheme which delivers PagoNxt, S.L. RSUs, and is aimed at approximately to 50 - 60 employees whose roles are considered key to PagoNxt’s success.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">With this program, the Group offers a remuneration element which is competitive with the remuneration systems offered by other market operators who also compete for digital talent.</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">And the performance conditions were focus on key digital projects related with PagoNxt's main businesses (Trade, Merchant and Payments) in its core geographies.<br/></span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:110%">This incentive is structures in restricted stock units (RSUs) of PagoNxt S.L. in a percentage determined by the internal category of the beneficiary. The average achievement for 2024 was 77% and 85% in 2025.</span></div></td></tr></table></div> P3Y P5Y P5Y 2600000 0.40 0.60 P5Y 0.01 1700000 1800000 2600000 0.50 0.50 P5Y 0.60 0.40 P3Y 0.60 0.40 2700000 0.40 0.60 P5Y 1700000 2700000 0.50 P5Y 0.40 P3Y 2700000 2700000 2700000 0.40 0.40 0.40 0.60 0.60 0.60 P5Y P5Y P5Y 1700000 1700000 1700000 2700000 2700000 2700000 0.50 0.50 0.50 0.50 0.50 0.50 P5Y P5Y P5Y 0.60 0.60 0.60 0.40 0.40 0.40 P4Y P4Y P4Y P5Y P5Y P3Y P4Y P5Y 0.25 0.25 15 0.25 0.25 2700000 0.40 0.60 P5Y 0.01 1700000 2700000 0.50 0.50 P5Y 0.60 0.40 P3Y P3Y P5Y P3Y P5Y 17 9 P4Y P4Y P4Y P4Y P5Y P5Y P5Y P5Y 9 9 9 250 30000000 3 1 3 8 4 4 40 4 7 1500000 0.50 3 4 2 4 0.75 0.50 0.50 P5Y P3Y P10Y P8Y 0.775 0.85 0.83 2 250 30000000 50 15000000 0.50 0.50 P5Y P3Y P10Y 0.965 1 50 15000000 0.88 50 50 60 60 0.77 0.85 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The long-term incentive plans on shares of the Bank granted by management of Santander UK plc to its employees are as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.348%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of shares (in thousand)</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Exercise price in pounds sterling</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year granted</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Employee group</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Number of persons</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of commencement of exercise period</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Date of expiry of exercise period</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 01/01/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,988</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,175 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.78 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/26</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/23</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,980)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,044)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2023</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,139</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,991 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/27</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/29</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,004)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,437)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2024</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options granted (sharesave)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,324 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.35 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Employees</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,637 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/25</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">01/11/28</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,966)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Options cancelled (net) or not exercised</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,554)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Plans outstanding at 31/12/2025</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,493</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">At 31 December, 2025, 2024 and 2023, the euro/pound sterling exchange rate was 1.15, 1.21 and 1.15 , respectively.</span></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Number of accounts/contracts. A single employee may have more than one account/contract.</span></div> 29988000 7175000 2.78 4752 5980000 1.7 4044000 2.53 27139000 4991000 3.36 4107 4004000 2.29 2437000 2.37 25689000 3324000 6.35 4637 9966000 1.9 1554000 2.88 17493000 1.15 1.21 1.15 1 5 500 P5Y 0.20 3 P21D P41D 0.70 0.44 0.23 0.33 Other general administrative expenses<div style="margin-bottom:6pt;margin-top:9pt"><span id="i82e92576232d4cfbb28034b6788f8242"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Breakdown</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other general administrative expenses is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technology and systems</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,298 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,539 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Property, fixtures and supplies<br/>(note 2.k)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">803 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical reports</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">712 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">724 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Advertising</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes other than income tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Communications</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Surveillance and cash courier services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">337 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Per diems and travel expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">250 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,055 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,945</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,185</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,299</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The payments associated with short-term leases (leases less than or equal to 12 months) and leases of low-value assets, that the Group recognises as an expense in the income statement is not material.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i923189b749f547138f4136281ff788ce"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Technical reports and other</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Technical reports include the fees from the various Group companies (detailed in the accompanying appendices) for the services provided by their respective auditors, with the following detail:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118.5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit-related services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">All other </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140.7</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">144.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, the firm BDO has performed audit and audit-related services totalling EUR 1.9 million. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The audit services and main non-audit services included for each item in the above breakdown are detailed as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Audit services: audit of the individual and consolidated financial statements of Banco Santander and its subsidiaries (of which PwC or another network firm is the external auditor); audit of the interim consolidated financial statements of Banco Santander; integrated audits prepared in order to file the Form 20-F with the SEC and the internal control audits (SOx) for required Group's entities; limited reviews of financial statements; and regulatory reports required to the external auditors regarding several Grupo Santander entities.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Audit-related services: issuance of comfort letters, verification services of financial and non-financial information required by regulators, and other reviews of documentation to be submitted to domestic or foreign authorities that, due to their nature, the external auditor typically provides.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Tax services: tax compliance and advisory services provided to Group companies outside Spain, which have no direct effect on the audited financial statements and are permitted in accordance with the applicable independence regulations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Other services: agreed-upon procedure reports, assurance reports and special reports performed under the accepted profession's standards; as well as other reports required by the regulators.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The 'Audit' heading includes the fees for the year's audit, regardless of the date the audit was completed. Any subsequent adjustments, which are not significant, are shown in this note for each year for comparison purposes. The fees corresponding to the rest of the services are shown by reference to when the audit committee approved them.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The services commissioned from the Group's auditors meet the independence requirements under applicable European and Spanish law, the SEC rules and the Public Company Accounting Oversight Board (PCAOB), applicable to the Group, and did not involve in any case the performance of any work that is incompatible with the auditor's role.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the Group commissioned services from audit firms other than PwC amounting to EUR 155.9 million in 2025 (EUR 206.2 million and EUR 174.1 million in 2024 and 2023, respectively).</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i797ac713a96c45d29d952d167909a437"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Number of branches</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The number of offices according to their geographical location at 31 December 2025, 2024 and 2023 is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,674 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,877 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,124</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Includes branches in Spain of the Digital Consumer Bank business.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Branches corresponding to the Group's business held for sale in Poland are included.</span></div><div style="text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Note: The figures for 2025 and 2024 include CartaSur points of sale and banking service points (PAB) in Argentina and exclude operational points that do not provide customer service in Colombia.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Other general administrative expenses is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:55.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.407%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technology and systems</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,298 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,539 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,389 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Property, fixtures and supplies<br/>(note 2.k)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">803 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Technical reports</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">712 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">724 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Advertising</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Taxes other than income tax</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Communications</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Surveillance and cash courier services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">337 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Per diems and travel expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">250 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Insurance premiums</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other administrative expenses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,055 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,945</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,185</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,299</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 2298000000 2539000000 2389000000 803000000 797000000 774000000 712000000 724000000 796000000 517000000 512000000 574000000 543000000 554000000 568000000 367000000 387000000 400000000 314000000 337000000 325000000 250000000 232000000 213000000 86000000 95000000 88000000 2055000000 2008000000 2172000000 7945000000 8185000000 8299000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Technical reports include the fees from the various Group companies (detailed in the accompanying appendices) for the services provided by their respective auditors, with the following detail:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118.5 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Audit-related services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax services</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">All other </span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">140.7</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">144.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 118500000 122300000 117500000 15000000.0 13600000 8600000 100000 900000 1600000 7100000 7400000 5900000 140700000 144200000 133600000 1900000 155900000 206200000 174100000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The number of offices according to their geographical location at 31 December 2025, 2024 and 2023 is as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.173%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Number of branches</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,674 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,877 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,450 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,124</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A. </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Includes branches in Spain of the Digital Consumer Bank business.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Branches corresponding to the Group's business held for sale in Poland are included.</span></div><div style="text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Note: The figures for 2025 and 2024 include CartaSur points of sale and banking service points (PAB) in Argentina and exclude operational points that do not provide customer service in Colombia.</span></div> 1674 1877 1924 5450 6209 6594 7124 8086 8518 Gains or losses on non financial assets, net<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Losses</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(82)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/ (losses) on disposal of assets not classified as non-current assets held for sale is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.171%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gains</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">285 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Losses</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(82)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">312</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 65000000 48000000 53000000 17000000 360000000 285000000 82000000 408000000 338000000 41000000 36000000 26000000 41000000 4000000 0 82000000 40000000 26000000 0 368000000 312000000 Gains or losses on non-current assets held for sale not classified as discontinued operations<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net balance</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(72)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain (loss) on sale (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains and other losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Caceis (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">231 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20)</span></td></tr></table></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Gains/(losses) on non-current assets held for sale not classified as discontinued operations is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:61.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.248%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net balance</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Impairment (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(72)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(92)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(51)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Gain (loss) on sale (Note 12)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains and other losses</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Caceis (Note 3)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">231 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(20)</span></td></tr></table></div> -6000000 -24000000 -20000000 72000000 92000000 51000000 66000000 68000000 31000000 232000000 -3000000 0 231000000 0 0 226000000 -27000000 -20000000 Fair value of financial instruments<div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i6cdde6f6cfb049efae53b6b6d38ced79"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Details </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,560 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,758 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,147 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,106 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,842 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,079 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,407 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,761 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,037 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,145 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,860 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,746 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,027 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,589 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,023 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,612 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,631 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,677 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (assets)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,192 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,298 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,972 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (liabilities)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,737 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,737 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has developed a formal process for the systematic valuation and management of financial instruments, which has been implemented worldwide across all the Group’s units. The governance scheme for this process distributes responsibilities between two independent divisions: Treasury (development, marketing and daily management of financial products) and Risk (on a periodic basis, validation of pricing models and daily risk certification of market data, computation of risk metrics, new transaction approval policies, management control of market risk and implementation of fair value adjustment policies).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The approval of new products follows a sequence of steps (request, development, validation, integration in corporate systems and quality assurance) before the product is brought into production. This process ensures that pricing systems have been properly reviewed and are stable before they are used.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following subsections set forth the most important products and families of derivatives, and the related valuation techniques and inputs, by asset class:</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i71893e9ce67b42239bd8133a3abeca3a"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Interest rate and inflation</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fixed income asset class includes basic instruments such as interest rate forwards, interest rate swaps and cross currency swaps, which are valued using the net present value of the estimated future cash flows discounted taking into account basis (swap and cross currency spreads) determined on the basis of the payment frequency and currency of each leg of the derivative. Vanilla options, including caps, floors and swaptions, are priced using the Black-Scholes model, which is one of the benchmark industry models. More exotic derivatives are priced using more complex models which are generally accepted as standard across institutions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These pricing models are fed with observable market data such as deposit interest rates, futures rates, cross currency swap and constant maturity swap rates, and basis spreads, on the basis of which different yield curves, depending on the payment frequency, and discounting curves are calculated for each currency. In the case of options, implied volatilities are also used as model inputs. These volatilities are observable in the market for cap and floor options and swaptions, and interpolation and extrapolation of volatilities from the quoted ranges are carried out using generally accepted industry models. The pricing of more exotic derivatives may require the use of non-observable data or parameters, such as correlation (among interest rates and cross-asset), mean reversion rates and prepayment rates, which are usually defined from historical data or through calibration.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation-related assets include zero-coupon or year-on-year inflation-linked bonds and swaps, valued with the present value method using forward estimation and discounting. Derivatives on inflation indices are priced using standard or more complex internal models. Valuation inputs of these models consider inflation-linked swap spreads observable in the market and estimations of inflation seasonality, on the basis of which a forward inflation curve is calculated. Also, implied volatilities taken from zero-coupon and year-on-year inflation options are also inputs for the pricing of more complex derivatives.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0bd5b62ea8344ccda87b85459fb99881"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Equity and foreign exchange</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most important products in these asset classes are forward and futures contracts; they also include vanilla, listed and OTC (Over-The-Counter) derivatives on single underlying assets and baskets of assets. Vanilla options are priced using the standard Black-Scholes model and more exotic derivatives involving forward returns, average performance, or digital, barrier or callable features are priced using generally accepted industry models or internal models, as appropriate. For derivatives on illiquid stocks, hedging takes into account the liquidity constraints in models.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The inputs of equity models consider yield curves, spot prices, dividends, asset funding costs (repo margin spreads), implied volatilities, correlation among equity stocks and indices, and cross-asset correlation. Implied volatilities are obtained from market quotes of European and American-style vanilla call and put options. Various interpolation and extrapolation techniques are used to obtain continuous volatility for illiquid stocks. Dividends are usually estimated for the mid and long term. Correlations are implied, when possible, from market quotes of correlation-dependent products. In all other cases, proxies are used for correlations between benchmark underlyings or correlations are obtained from historical data.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The inputs of foreign exchange models include the yield curve for each currency, the spot foreign exchange rate, the implied volatilities and the correlation among assets of this class. Volatilities are obtained from European call and put options which are quoted in markets as of-the-money, risk reversal or butterfly options. Illiquid currency pairs are usually handled by using the data of the liquid pairs from which the illiquid currency can be derived. For more exotic products, unobservable model parameters may be estimated by fitting to reference prices provided by other non-quoted market sources.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id3d3a29539de41fb9bda9e519cb9f4d7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Credit</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most common instrument in this asset class is the credit default swap (CDS), which is used to hedge credit exposure to third parties. In addition, models for first-to-default (FTD), n-to-default (NTD) and single-tranche collateralised debt obligation (CDO) products are also available. These products are valued with standard industry models, which estimate the probability of default of a single issuer (for CDS) or the joint probability of default of more than one issuer for FTD, NTD and CDO.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Valuation inputs are the yield curve, the CDS spread curve and the recovery rate. For indices and important individual issuers, the CDS spread curve is obtained in the market. For less liquid issuers, this spread curve is estimated using proxies or other credit-dependent instruments. Recovery rates are usually set to standard values. For listed single-tranche CDO, the correlation of joint default of several issuers is implied from the market. For FTD, NTD and internal CDO, the correlation is estimated from proxies or historical data when no other option is available.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i783bc1aae9a5420bb626f02e870f4ca0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Valuation adjustment for counterparty risk or default risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Credit valuation adjustment (CVA) is a valuation adjustment to over-the-counter (OTC) derivatives as a result of the risk associated with the credit exposure assumed to each counterparty.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA is calculated taking into account potential exposure to each counterparty in each future period. The CVA for a specific counterparty is equal to the sum of the CVA for all the periods. The following inputs are used to calculate the CVA:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected exposure: including for each transaction the mark-to-market (MtM) value plus an add-on for the potential future exposure for each period. Mitigating factors such as collateral and netting agreements are taken into account, as well as a temporary impairment factor for derivatives with interim payments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Severity: percentage of final loss assumed in a counterparty credit event/default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Probability of default: for cases where there is no market information (the CDS quoted spread curve, etc.), proxies based on companies holding exchange-listed CDS, in the same industry and with the same external rating as the counterparty, are used.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Discount factor curve.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Debit Valuation Adjustment (DVA) is a valuation adjustment similar to the CVA but, in this case, it arises as a result of the Group’s own risk assumed by its counterparties in OTC derivatives.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2025 amounted to EUR 224 million (resulting in a decrease of 17.6% compared to 31 December 2024) and DVA amounted to EUR 285 million (resulting in a decrease of 10.1% compared to 31 December 2024). These decreases are primarily due to the performance of credit markets, with lower spreads compared to December 2024, and secondarily to changes in the composition of certain derivatives portfolios. Furthermore, the observed reduction in CVA is influenced by changes in the calculation models applicable to certain clients.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2024 amounted to EUR 272 million (resulting in a decrease of 7.2% compared to 31 December 2023) and DVA amounted to EUR 317 million (resulting in a decrease of 3.9% compared to 31 December 2023). These decreases are mainly due to the declines in the EUR and USD interest rate markets, lower inflation and the movements in credit markets whose spread levels have reduced moderately compared to those of December 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CVA at 31 December 2023 amounted to EUR 293 million (decrease of 16.5% compared to 31 December 2022) and DVA amounted EUR 330 million (decrease of 9.3% compared to 31 December 2022). These decreases are mainly due to movements in credit markets whose spread levels have reduced moderately compared to those of December 2022, partially offset by the upward movement in interest rates.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group amounts the funding fair value adjustment (FFVA) is calculated by applying future market funding spreads to the expected future funding exposure of any uncollateralised component of the OTC derivative portfolio. This includes the uncollateralised component of collateralised derivatives in addition to derivatives that are fully uncollateralised. The expected future funding exposure is calculated by a simulation methodology, where available. The FFVA impact is not material for the consolidated annual accounts as of 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group has continued to apply the criteria for classifying financial instruments within the levels of the fair value hierarchy established to comply with regulatory expectations. These criteria, based on information from the price contributors and real market transactions, represent a significant reduction in the use of expert judgement to determine observability and allow the measurement of the significance of non-observable valuation inputs based on objective criteria.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There has been an increase in instruments classified as Level 3, especially during the last quarter of the year. This increase is due to higher holding volumes of some of these instruments in the portfolio due to new trading activity. No significant reclassifications were detected due to changes in the market observability of the valuation inputs for the remaining positions. The main increases include long-term repo/reverse repo transactions, illiquid equities in non-trading portfolios, and syndicated loans with an HTC&amp;S business model for which there is no observable market price based on the criteria used. </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i82ed7c965ab44f13ab452cc0878b6462"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Valuation adjustments due to model risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The valuation models described above do not involve a significant level of subjectivity, since they can be adjusted and recalibrated, where appropriate, through internal calculation of the fair value and subsequent comparison with the related actively traded price. However, valuation adjustments may be necessary when market quoted prices are not available for comparison purposes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sources of risk are associated with uncertain model parameters, illiquid underlying issuers, and poor quality market data or missing risk factors (sometimes the best available option is to use limited models with controllable risk). In these situations, the Group calculates and applies valuation adjustments in accordance with common industry practice. The main sources of model risk are described below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the interest rate markets, the sources of model risk include interest rate indexes correlations, basis spread modelling, the risk of calibrating model parameters and the treatment of near-zero or negative interest rates. Other sources of risk arise from the estimation of market data, such as volatilities or yield curves, whether used for estimation or cash flow discounting purposes.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the stock markets, the sources of model risk include forward skew modelling, the impact of stochastic interest rates, correlation and multi-curve modelling. Other sources of risk arise from managing hedges of digital callable and barrier option payments. Also worthy of consideration as sources of risk are the estimation of market data such as dividends and correlation for quanto and composite basket options.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">For specific financial instruments relating to home mortgage loans secured by financial institutions in the UK (which are regulated and partially financed by the Government) and property asset derivatives, the main input is the Halifax House Price Index (HPI). In these cases, risk assumptions include estimations of the future growth and the volatility of the HPI, the mortality rate and the implied credit spreads.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inflation markets are exposed to model risk resulting from uncertainty around modelling the correlation structure among various Consumer Price Index (CPI) rates. Another source of risk may arise from the bid-offer spread of inflation-linked swaps.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The currency markets are exposed to model risk resulting from forward skew modelling and the impact of stochastic interest rate and correlation modelling for multi-asset instruments. Risk may also arise from market data, due to the existence of specific illiquid foreign exchange pairs.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The most important source of model risk for credit derivatives relates to the estimation of the correlation between the probabilities of default of different underlying issuers. For illiquid underlying issuers, the CDS spread may not be well defined.</span></div></div></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below are the financial instruments at fair value whose measurement was based on internal models (levels 2 and 3) at 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.087%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,293</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,496</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,716 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI, Basis, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,490 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate forwards</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,690 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Volatility surfaces</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,543 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Market price, Interest rates curves, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, swap asset model &amp; CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves and Credit curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices </span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,962</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Market price, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,124 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,902 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices and Credit curves</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:30.799%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.492%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133,490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">864</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Forwards on interest rate and variable income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and equity futures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">121 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Correlation, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Correlation, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,679 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves ,FX market prices, Equity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,191 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices and Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,148</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present Value Method with actuarial techniques</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Mortality tables and interest rate curves</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">It mainly includes short-term deposits that are managed based on their fair value.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.090%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,941</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">138,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,061 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,602 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,683 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,519 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44,987 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,583 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">836 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,879 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate forwards</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">465 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,056 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,922 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,652</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,390 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,665 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black’s Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">763 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">539 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">537 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">696 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, swap asset model &amp; CDS</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,065</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,590 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,189 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,644 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,638 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,894 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,045 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,766</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166,542</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,283 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">549 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Forwards on interest rate and variable income</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,134 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,662 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,740</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,866 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black’s Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method with actuarial techniques</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Includes, mainly, short-term deposits that are managed based on their fair value.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i2902ca59b5bf48d99441ca0a7246286a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Financial Instruments (level 3)</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below are the Group’s main financial instruments measured using unobservable market data as significant inputs of the internal models (level 3):</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">HTC&amp;S (Held to collect and sale) syndicated loans classified in the fair value category with changes in other comprehensive income, where the cost of liquidity is not directly observable in the market, as well as the prepayment option in favour of the borrower.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Repos and reverse repos classified as financial assets held for trading, whose valuation uses significant unobservable inputs, mainly associated with credit adjustments, liquidity and certain specific characteristics of the counterparty and the collateral.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Illiquid equity in non-trading portfolios, classified at fair value through profit or loss and at fair value through equity. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Instruments in Santander UK’s portfolio (loans, debt securities and derivatives) linked to the House Price Index (HPI). Even if the valuation techniques used for these instruments may be the same as those used to value similar products (present value in the case of loans and debt securities, and the Black-Scholes model for derivatives), the main factors used in the valuation of these instruments are the HPI spot rate, the growth and volatility </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">thereof, and the mortality rates, which are not always observable in the market and, accordingly, these instruments are considered illiquid.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Callable interest rate derivatives (Bermudan-style options) where the main unobservable input is mean reversion of interest rates.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Trading derivatives on interest rates, taking as an underlying asset titling and with the amortization rate (CPR, Conditional prepayment rate) as unobservable main entry.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> Derivatives from trading on inflation in Spain, where volatility is not observable in the market.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Equity volatility derivatives, specifically indices and equities, where volatility is not observable in the long term.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Derivatives on long-term interest rate and FX in some units (mainly South America) where for certain underlyings it is not possible to demonstrate observability to these terms.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Debt instruments referenced to certain illiquid interest rates, for which there is no reasonable market observability.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The measurements obtained using the internal models might have been different if other methods or assumptions had been used with respect to interest rate risk, to credit risk, market risk and foreign currency risk spreads, or to their related correlations and volatilities. Nevertheless, the Bank considers that the fair value of the financial assets and liabilities recognised in the consolidated balance sheet and the gains and losses arising from these financial instruments are reasonable.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net amount recognised in profit and loss in 2025 arising from models whose significant inputs are unobservable market data (level 3) amounted to EUR 469 profit (EUR 523 million and EUR 404 million profit in 2024 and 2023, respectively).</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span id="i834d0e1fedf549f498c6918fb2113db5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1.</span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%;padding-left:3.55pt">Valuation techniques</span></div><div style="margin-bottom:9pt;padding-right:260.79pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The table below shows the effect, at 31 December 2025, 2024 and 2023 on the fair value of the main financial instruments classified as level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market proxy</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price / Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10.50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.10%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.00%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.50%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.32)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.62 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Modelo de Black Scholes</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6.50)bps - 6.50bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.38)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.52 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">146.3% - 148.3%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">147.30</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">40.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18.86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19.80</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.90</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14.80</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">INF option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14.90</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(11.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19.6% - 127.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.0% - 99.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60bps - 300bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">179.80bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 3%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.60</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.12)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.23)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.10</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(254.29)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">254.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.33 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6.1% - 7.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6.60</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3% - 7%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121.9bps - 174.7 bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121.9bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.3)% - 0.1%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 5.5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.50</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27.16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27.16 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43.80</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.40</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.38)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.40 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit Spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.4bps - 19.2bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.70bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.42)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.10%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.00%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.50%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.32)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.62 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)bps - 2bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">158% - 165%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">161.50</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100% - 250%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">178.83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41.25</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21.54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.08</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.06)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.65)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.8% - 273.4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">155.36</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">49.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60bps - 300bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">181.50bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.00)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.08 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 2.0%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.05</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.96</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.63)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.55 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(183.98)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183.98 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 6.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)bps - 1bps </span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0bp</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(30.36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30.36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150bps - 232bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 20%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)% - 0.01%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.6% - 5.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.40</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(37.56)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37.56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.20</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.12</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.77)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.24 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34bps - 68bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.65 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.06</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.99</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8.07)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)bps - 6bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.40</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.90)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.03 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit default models</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Illiquid credit default spread curves</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100bps - 200bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">149.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41.25</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21.54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.65)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.0% - 30.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.8% - 273.4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">155.36</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.0% - 99.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">49.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5.2)bps - 5.2bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.03 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.5% - 9.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.92</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.05 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.00% - 90.00%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Structured notes</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10)% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 2%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.05</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> (5)%- 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.96</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.63)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.55 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.052%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(183.98)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183.98 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 6.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(30.36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30.36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150.0bps - 232.0bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 20%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)% - 0.01%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.99</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(37.56)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37.56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.20</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CMS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.66</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.65 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swaptions</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.55</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iab10718821864526850bed361c0a67bb"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Movement of financial instruments classified as Level 3</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the changes in the financial instruments classified as Level 3 in 2025, 2024 and 2023 were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2025</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value calculated using internal models (Level 3)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/<br/>Issuances</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,353</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,748)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central Banks</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(744)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,450 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,711)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,592 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(181)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate futures</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Assets)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">300 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,543 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,635</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,159)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,074)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,259 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,621)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(999)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,902 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(530)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(222)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,089)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">864</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">864 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(90)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securities and interest rate futures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(111)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(256)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(64)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(101)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases<br/>/Issuances</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(715)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">355 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(384)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(377)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(56)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(278)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(152)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(106)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Assets)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">417</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(201)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">417 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(300)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(178)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">73</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,781)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(110)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,962 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,685)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">743 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(106)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(105)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,048</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,243)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(779)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(325)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">472</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(200)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(200)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(105)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(51)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(205)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(120)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(172)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Issuances</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">773 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(238)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,411)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,718 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,408)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,798)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(118)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(167)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(151)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(318)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(124)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">471</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table summarises the fair values, at the end of each of the years indicated, of the financial assets and liabilities listed below, classified according to the different valuation methodologies used by the Group to determine their fair value:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:28.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Published<br/>price<br/>quotations<br/>in active<br/>markets<br/>(level 1)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Internal<br/>Models<br/>(level 2<br/>and 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,560 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,758 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,147 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,106 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,842 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,079 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,407 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,761 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,037 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,130 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,145 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,910 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,860 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,186 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,746 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,027 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,773 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,589 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,023 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,612 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,218 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,631 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,677 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83,308 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (assets)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,672 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,297 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,192 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,354 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,298 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,972 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,270 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,367 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives (liabilities)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,656 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,737 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,737 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,829 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,799 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 106560000000 145758000000 252318000000 88147000000 142106000000 230253000000 67842000000 109079000000 176921000000 2407000000 5354000000 7761000000 2037000000 4093000000 6130000000 1765000000 4145000000 5910000000 2860000000 5186000000 8046000000 2744000000 5171000000 7915000000 2746000000 7027000000 9773000000 52589000000 22023000000 74612000000 67680000000 22218000000 89898000000 64631000000 18677000000 83308000000 3931000000 3931000000 5672000000 5672000000 5297000000 5297000000 37192000000 134354000000 171546000000 29974000000 122177000000 152151000000 20298000000 101972000000 122270000000 0 42148000000 42148000000 0 36360000000 36360000000 25000000 40342000000 40367000000 4248000000 4248000000 4752000000 4752000000 7656000000 7656000000 18737000000 18737000000 17829000000 17829000000 17799000000 17799000000 2 224000000 -0.176 285000000 -0.101 272000000 -0.072 317000000 -0.039 293000000 -0.165 330000000 -0.093 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Set forth below are the financial instruments at fair value whose measurement was based on internal models (levels 2 and 3) at 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.087%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">139,293</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,496</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,831 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,716 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI, Basis, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,490 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate forwards</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX and EQ market prices, Dividends, Correlation, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,924</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,690 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">91 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Volatility surfaces</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices, Credit, Liquidity, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">899 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,543 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Market price, Interest rates curves, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, swap asset model &amp; CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves and Credit curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices </span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,962</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Market price, Dividends and Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,819 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,124 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,902 </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices and Credit curves</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:30.799%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.989%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.492%"></td><td style="width:0.1%"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2 </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3 </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main assumptions</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133,490</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">864</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">FX market prices, Yield curves</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">864 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Gaussian Copula</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Basis, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, multifactorial advanced models interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Forwards on interest rate and variable income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,094 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, FX market prices, Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate and equity futures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">121 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Correlation, Liquidity, HPI</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves, Volatility surfaces, FX &amp; EQ market prices, Dividends, Correlation, HPI, Credit, Others</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,679 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves ,FX market prices, Equity</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,191 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices and Liquidity</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method, Advanced stochastic volatility models and other</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Yield curves , Volatility surfaces, FX market prices, Credit, Liquidity, Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,148</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Yield curves, FX market prices</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,510</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Present Value Method with actuarial techniques</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Mortality tables and interest rate curves</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">It mainly includes short-term deposits that are managed based on their fair value.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.090%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163,941</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">133,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">138,176</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,061 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,602 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt and equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,683 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">915</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,519 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44,987 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,583 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">836 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,879 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,210 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate forwards</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,445 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">465 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,056 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,922 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,652</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,390 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,665 </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black’s Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,050</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">763 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">815 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities issued</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">539 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">537 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">696 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, swap asset model &amp; CDS</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,065</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,846</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,590 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,189 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,543</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,644 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,638 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and receivables</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,894 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,045 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="background-color:#ffffff;border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:30.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.053%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair values calculated<br/>using internal models at</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation techniques</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">LIABILITIES</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,766</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166,542</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">121,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">101,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,283 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39,395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Gaussian Copula</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,207 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">549 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black-Scholes Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black's Model, advanced multifactor interest rate models</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Forwards on interest rate and variable income</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,134 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,662 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,740</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,866 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Black’s Model</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method, Advanced stochastic volatility models and other</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Present Value method with actuarial techniques</span></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Level 2 internal models use data based on observable market parameters, while level 3 internal models use significant non-observable inputs in market data.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Includes mainly temporary acquisitions/disposals of assets with corporate clients and, to a lesser extent, with central banks. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Includes mainly syndicated loans under the HTC&amp;S business model.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Includes, mainly, short-term deposits that are managed based on their fair value.</span></div> 163796000000 18487000000 139293000000 6496000000 14191000000 441000000 25815000000 152000000 27986000000 4592000000 14470000000 340000000 56831000000 971000000 39716000000 551000000 1332000000 39000000 1490000000 39000000 177000000 0 439000000 120000000 13677000000 222000000 3924000000 7000000 3690000000 7000000 91000000 0 143000000 0 2465000000 2889000000 899000000 2543000000 54000000 175000000 1512000000 171000000 5152000000 34000000 0 0 413000000 0 4725000000 14000000 14000000 20000000 12962000000 9061000000 19000000 272000000 6819000000 887000000 6124000000 7902000000 198377000000 1110000000 133490000000 864000000 12385000000 0 27058000000 0 36120000000 0 50248000000 864000000 33597000000 418000000 903000000 34000000 1951000000 95000000 1094000000 151000000 121000000 0 12582000000 166000000 7679000000 0 4229000000 19000000 4191000000 19000000 0 0 38000000 0 42148000000 0 18510000000 227000000 163941000000 15319000000 133874000000 10351000000 138176000000 3930000000 106993000000 2086000000 12966000000 0 17717000000 0 26546000000 769000000 14061000000 0 24602000000 1801000000 11418000000 24000000 11115000000 413000000 8683000000 915000000 62947000000 947000000 55114000000 1147000000 47519000000 556000000 44987000000 577000000 1583000000 2000000 836000000 9000000 1879000000 30000000 2210000000 153000000 1445000000 0 33000000 0 465000000 241000000 126000000 235000000 10056000000 118000000 6922000000 173000000 5652000000 20000000 5297000000 0 5390000000 20000000 4665000000 0 2000000 0 2000000 0 260000000 0 630000000 0 1505000000 2588000000 2050000000 2095000000 763000000 1841000000 815000000 1495000000 205000000 242000000 539000000 313000000 537000000 505000000 696000000 287000000 5065000000 106000000 6846000000 181000000 408000000 0 459000000 0 4590000000 20000000 6189000000 31000000 67000000 86000000 198000000 150000000 13543000000 8675000000 12688000000 5989000000 5000000 375000000 5000000 492000000 9644000000 1047000000 9638000000 559000000 3894000000 7253000000 3045000000 4938000000 179766000000 1352000000 166542000000 1227000000 121243000000 934000000 101103000000 869000000 13300000000 0 7808000000 0 26284000000 0 17862000000 0 18984000000 0 19837000000 0 56205000000 934000000 49380000000 869000000 41283000000 479000000 39395000000 388000000 2295000000 79000000 2207000000 139000000 1057000000 0 549000000 8000000 1160000000 294000000 466000000 187000000 1276000000 0 101000000 0 9134000000 82000000 6662000000 147000000 6470000000 0 6216000000 0 4740000000 12000000 7650000000 6000000 4618000000 12000000 6866000000 6000000 3000000 0 1000000 0 119000000 0 783000000 0 36200000000 160000000 40313000000 29000000 17583000000 246000000 17476000000 323000000 469000000 523000000 404000000 <div style="margin-bottom:9pt;padding-right:260.79pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The table below shows the effect, at 31 December 2025, 2024 and 2023 on the fair value of the main financial instruments classified as level 3 of a reasonable change in the assumptions used in the valuation. This effect was determined by applying the probable valuation ranges of the main unobservable inputs detailed in the following table:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market proxy</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price / Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10.50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.50 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.10%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.00%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.50%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.32)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.62 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Modelo de Black Scholes</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6.50)bps - 6.50bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.38)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.52 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">146.3% - 148.3%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">147.30</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">40.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">18.86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Fx option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19.80</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.90</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14.80</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">INF option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14.90</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(11.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">19.6% - 127.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.0% - 99.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">99.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60bps - 300bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">179.80bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 3%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.60</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.12)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.23)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.10</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(254.29)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">254.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.33)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.33 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6.1% - 7.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6.60</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3% - 7%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Present value method</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121.9bps - 174.7 bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">121.9bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.3)% - 0.1%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.70)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 5.5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.50</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(27.16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">27.16 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">43.80</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.40</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.38)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.40 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit Spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.4bps - 19.2bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.70bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.42)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.644%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.10%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.00%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(9.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.50%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.32)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.62 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2)bps - 2bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">158% - 165%</span></div></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">161.50</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)</span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01 </span></td><td style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100% - 250%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">178.83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41.25</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21.54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Forward</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 15%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.08</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.06)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.65)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 30%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.8% - 273.4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">155.36</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">49.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">60bps - 300bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">181.50bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.00)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.08 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 2.0%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.05</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.96</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.63)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.55 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(183.98)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183.98 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 6.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)bps - 1bps </span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0bp</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(30.36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30.36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150bps - 232bps</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 20%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)% - 0.01%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage Letters</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.6% - 5.2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.40</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #929292;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #929292;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(37.56)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37.56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.20</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1% - 99%</span></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.12</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.77)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.24 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">34bps - 68bps</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">44bps</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.65 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Repos/Reverse repos</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Long-term repo spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 10%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5.06</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discount curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.99</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(8.07)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CCS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(6)bps - 6bps</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.40</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.90)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.03 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CDS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit default models</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Illiquid credit default spread curves</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100bps - 200bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">149.14</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 70%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">41.25</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">EQ Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Local volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(21.54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21.54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 40%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">20.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.65)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Asset Swap model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2% - 8%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IR option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.0% - 30.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">17.34</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5% - n.a.</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.8% - 273.4%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">155.36</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.74 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swap rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.0% - 99.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">49.58</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(2.45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5.2)bps - 5.2bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.03 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment modelling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Prepayment rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2.5% - 9.0%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8.92</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.05 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property derivatives</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Option pricing model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Securitisation Swap</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Constant prepayment rates</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10.00% - 90.00%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.63 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Structured notes</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price based</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(10)% - 10%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets designated at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spreads</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.1% - 2%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.05</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.15)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Mortgage portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Black Scholes model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> (5)%- 5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#242424;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other debt securities</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Others</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 8%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.96</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(3.63)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.55 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:19.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.052%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Portfolio/Instrument</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Valuation technique</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Main unobservable inputs</span></div></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Range</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Weighted average</span></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impacts (EUR million)</span></td></tr><tr style="height:18pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">(Level 3)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Unfavourable scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Favourable scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Non-trading financial assets mandatorily at fair value through profit or loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Property securities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Probability weighting</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Growth rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 5%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(183.98)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">183.98 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial assets at fair value through other comprehensive income</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Loans and advances to customers</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a. </span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">n.a.</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(18.61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate curve</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3.4% - 6.5%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4.95</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1)bp - 1bp</span></div></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0bp</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(30.36)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">30.36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Forward estimation</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150.0bps - 232.0bps</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">150.00</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">bps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(1.96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Loans</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Market price</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(5)% - 20%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.01</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Debt securities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Corporate debt</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Margin of a reference portfolio</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.01)% - 0.01%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.09)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.09 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Government debt</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0% - 2%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.99</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Equity instruments</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price Based</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Price</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">90% - 110%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">100.00</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(37.56)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">37.56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Financial liabilities held for trading</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;margin-top:9pt;padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:121%">Derivatives</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Cap&amp;Floor</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42.20</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.07 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">CMS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">47.66</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">FX Options</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">45.30</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.03)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.02 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">IRS</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Discounted Cash Flows</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Inflation Swap Rate</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">39.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(4.09)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1.65 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Swaptions</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility option model</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Volatility</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">10% - 90%</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">35.55</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">(0.21)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">0.10 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For each instrument, the valuation technique, the unobservable inputs are shown in the 'Main observable inputs' column under probable scenarios, variation range, average value and impact resulting from valuing the position in the established maximum and minimum range. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">The breakdown of impacts is shown by type of instrument and unobservable inputs. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">The estimation of the range of variation of the unobservable inputs has been carried out taking into account plausible movements of said parameters depending on the type of instrument.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Zero impacts from fully hedged or back-to-back transactions have not been included in this exercise.</span></div> 10500000 10500000 0 0.10 0.0510 2240000 2290000 0 0.08 0.0400 9210000 9240000 0.10 0.90 0.3550 1320000 620000 -0.000650 0.000650 0.000100 380000 520000 1.463 1.483 1.4730 10000.00 10000.00 0 0.70 0.4050 170000 240000 0.10 0.90 0.5000 18860000 18860000 0 0.40 0.1980 500000 490000 0 0.15 0.0810 10000.00 20000.00 0.02 0.08 0.0490 180000 170000 0 0.30 0.1480 190000 190000 0 0.30 0.1490 630000 630000 0.05 11240000 8230000 0.196 1.275 0.5050 2100000 840000 0.010 0.990 0.9900 0 1410000 0.0060 0.0300 0.017980 3480000 3470000 -0.05 0.05 0.0000 2640000 2640000 0.10 0.90 0.5000 0 0 0.001 0.03 0.0160 120000 120000 -0.05 0.05 0.0000 230000 230000 0 0.08 0.0410 0 0 -0.05 0.05 0.0000 110000 110000 0.90 1.10 1.0000 254290000 254290000 2330000 2330000 0.061 0.072 0.0660 0 0 0.03 0.07 0.05 250000 250000 0.01219 0.01747 0.01219 1600000 0 -0.003 0.001 -0.0030 2700000 540000 0.034 0.055 0.0450 0 0 0.90 1.10 1.0000 27160000 27160000 0.10 0.90 0.4380 90000.00 70000.00 0.10 0.90 0.4230 330000 220000 0.01 0.99 0.5040 1380000 1400000 0.00084 0.00192 0.001070 2420000 660000 50000.00 0 0 0.10 0.0510 2240000 2290000 0 0.08 0.0400 9210000 9240000 0.10 0.90 0.3550 1320000 620000 -0.0002 0.0002 0.000000 0 0 1.58 1.65 1.6150 10000.00 10000.00 1 2.50 1.7883 90000.00 100000 0 0.70 0.4125 480000 690000 0.10 0.90 0.5000 21540000 21540000 0 0.15 0.0808 60000.00 70000.00 0 0.40 0.2010 650000 660000 0.02 0.08 0.0478 210000 180000 0 0.30 0.1734 160000 220000 0.05 4090000.00 0 0.478 2.734 1.5536 1910000 1740000 0.01 0.99 0.4958 2450000 2410000 0.0060 0.0300 0.018150 3000000.00 3080000.00 -0.05 0.05 0.0000 3390000 3390000 0.10 0.90 0.5000 630000 630000 0.001 0.020 0.0105 150000 150000 -0.05 0.05 0.0000 240000 240000 0 0.08 0.0396 3630000 3550000 -0.05 0.05 0.0000 240000 240000 0.90 1.10 1.0000 183980000 183980000 18610000 0 0.034 0.065 0.0495 170000 170000 -0.0001 0.0001 0 30360000 30360000 0.0150 0.0232 0.0150 1960000 0 -0.05 0.20 0.0001 4910000 1230000 -0.0001 0.0001 0.0000 90000.00 90000.00 0.016 0.052 0.0340 0 0 0.90 1.10 1.0000 37560000 37560000 0.10 0.90 0.4220 110000 70000.00 0.10 0.90 0.4530 30000.00 20000.00 0.01 0.99 0.4712 4770000 4240000 0.0034 0.0068 0.0044 4090000.00 1650000 50000.00 0 0 0.10 0.0506 4500000 4610000 0 0.08 0.0399 8070000.00 8020000.00 -0.0006 0.0006 0.000040 900000 1030000.00 0.0100 0.0200 0.014914 140000 140000 0 0.70 0.4125 480000 690000 0.10 0.90 0.5000 21540000 21540000 0 0.40 0.2010 650000 660000 0.02 0.08 0.0478 210000 180000 0.000 0.300 0.1734 160000 220000 0.05 4090000.00 0 0.478 2.734 1.5536 1910000 1740000 0.010 0.990 0.4958 2450000 2410000 -0.00052 0.00052 0.000009 30000.00 30000.00 0.025 0.090 0.0892 0 50000.00 -0.05 0.05 0.0000 3390000 3390000 0.1000 0.9000 0.5000 630000 630000 -0.10 0.10 0.0000 1530000 1530000 0.001 0.02 0.0105 150000 150000 -0.05 0.05 0.0000 240000 240000 0 0.08 0.0396 3630000 3550000 -0.05 0.05 0.0000 240000 240000 0.90 1.10 1.0000 183980000 183980000 18610000 0 0.034 0.065 0.0495 170000 170000 -0.0001 0.0001 0 30360000 30360000 0.01500 0.02320 0.015000 1960000 0 -0.05 0.20 0.0001 4910000 1230000 -0.0001 0.0001 0.0000 90000.00 90000.00 0 0.02 0.0099 0 0 0.90 1.10 1.0000 37560000 37560000 0.10 0.90 0.4220 110000 70000.00 0.10 0.90 0.4766 0 0 0.10 0.90 0.4530 30000.00 20000.00 0.10 0.90 0.3903 4090000.00 1650000 0.10 0.90 0.3555 210000 100000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Lastly, the changes in the financial instruments classified as Level 3 in 2025, 2024 and 2023 were as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2025</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value calculated using internal models (Level 3)</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/<br/>Issuances</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,353</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,748)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central Banks</span></div></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">437 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(744)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,450 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,711)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,592 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(181)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(30)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">37 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(113)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate futures</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">220 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Assets)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(191)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">175 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">300 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(151)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,543 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,635</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6,159)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,074)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,061</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,259 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,621)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(999)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,902 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">360 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(530)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">887 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(109)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(9,198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(222)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,089)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">864</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">864 </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(88)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(90)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Securities and interest rate futures</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(76)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(49)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(111)</span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(256)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(64)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(101)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,110</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases<br/>/Issuances</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in profit or<br/>loss</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognized<br/>in equity</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(813)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(715)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,930</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">769 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">355 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(384)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(377)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(56)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">350 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(338)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(278)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(152)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(44)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(106)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Assets)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">417</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(300)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(201)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">106</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(23)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">417 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(300)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(178)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">86 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(349)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">73</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">390 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(125)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,781)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(110)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,675</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,962 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,685)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,253 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">743 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(81)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(74)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(106)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,047 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(105)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,048</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,243)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(136)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(779)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(325)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">472</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(200)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">472 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(200)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(95)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">934 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(205)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(105)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(54)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">79 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(108)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">41</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(51)</span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ee2724;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ee2724;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">513</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(205)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(120)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(172)</span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,352</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.238%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">01/01/2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31/12/2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Purchases/</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Issuances</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Sales/Settlements</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in profit or<br/>loss</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in<br/>fair value<br/>recognised<br/>in equity</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Level<br/>reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value<br/>calculated<br/>using<br/>internal<br/>models<br/>(level 3)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(149)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">194</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">773 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">389 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(78)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">427</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(21)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,833</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(238)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(73)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">325 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,495 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,647</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,411)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,989</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,718 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,408)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL ASSETS</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,290</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,214</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3,798)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">280</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(204)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,351</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">415</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(118)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">476</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">869</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(167)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(118)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">476 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(83)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">388 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Exchange rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Interest rate options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Index and securities options</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">42 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">88 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">125 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(66)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives (Liabilities)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Swaps</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(151)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">323</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(318)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(124)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(40)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">471</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,227</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 3930000000 5353000000 2748000000 57000000 9000000 -87000000 6496000000 0 437000000 0 4000000 0 0 441000000 769000000 128000000 744000000 0 0 -1000000 152000000 1801000000 4450000000 1711000000 52000000 2000000 -2000000 4592000000 413000000 110000000 112000000 -13000000 21000000 -37000000 340000000 947000000 228000000 181000000 14000000 10000000 -47000000 971000000 556000000 1000000 81000000 -30000000 21000000 126000000 551000000 2000000 0 0 5000000 19000000 13000000 39000000 30000000 6000000 0 1000000 20000000 -18000000 39000000 241000000 1000000 41000000 37000000 5000000 -113000000 120000000 0 0 14000000 0 6000000 20000000 0 118000000 220000000 45000000 1000000 3000000 -75000000 222000000 20000000 0 0 -7000000 4000000 -2000000 7000000 20000000 0 0 -7000000 4000000 -2000000 7000000 106000000 33000000 100000000 -5000000 0 0 34000000 20000000 0 0 -5000000 0 -1000000 14000000 86000000 33000000 100000000 0 0 1000000 20000000 2588000000 324000000 191000000 360000000 266000000 74000000 2889000000 505000000 0 0 -36000000 266000000 -32000000 171000000 242000000 24000000 40000000 -27000000 0 -24000000 175000000 1841000000 300000000 151000000 423000000 0 130000000 2543000000 8675000000 7635000000 6159000000 0 -73000000 57000000 -1074000000 9061000000 7253000000 7259000000 5621000000 0 -87000000 97000000 -999000000 7902000000 1047000000 360000000 530000000 0 16000000 40000000 34000000 887000000 375000000 16000000 8000000 0 -2000000 0 -109000000 272000000 15319000000 13345000000 9198000000 405000000 -73000000 222000000 -1089000000 18487000000 934000000 160000000 206000000 -59000000 16000000 19000000 864000000 934000000 160000000 206000000 -59000000 16000000 19000000 864000000 479000000 1000000 88000000 -90000000 19000000 97000000 418000000 0 0 1000000 2000000 18000000 15000000 34000000 79000000 0 25000000 17000000 3000000 27000000 95000000 294000000 1000000 83000000 6000000 4000000 -63000000 151000000 0 0 0 0 19000000 19000000 0 82000000 158000000 9000000 6000000 5000000 -76000000 166000000 12000000 0 1000000 14000000 6000000 0 19000000 12000000 0 0 14000000 6000000 -1000000 19000000 0 0 1000000 0 0 1000000 0 160000000 0 49000000 0 111000000 0 0 246000000 0 0 -19000000 0 0 0 227000000 1352000000 160000000 256000000 -64000000 0 101000000 19000000 1110000000 2086000000 3205000000 813000000 302000000 715000000 -135000000 3930000000 0 770000000 0 -1000000 0 0 769000000 24000000 1808000000 24000000 -7000000 0 0 1801000000 914000000 355000000 384000000 -39000000 377000000 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149000000 194000000 1162000000 0 2086000000 0 23000000 0 1000000 0 0 24000000 42000000 126000000 63000000 30000000 773000000 6000000 914000000 1000000 0 0 0 0 0 1000000 340000000 347000000 86000000 163000000 389000000 -6000000 1147000000 139000000 90000000 4000000 179000000 191000000 -18000000 577000000 4000000 1000000 0 4000000 0 0 9000000 39000000 0 0 2000000 112000000 0 153000000 48000000 132000000 4000000 -20000000 76000000 3000000 235000000 110000000 124000000 78000000 -2000000 10000000 9000000 173000000 427000000 51000000 0 -21000000 22000000 -298000000 181000000 5000000 0 0 4000000 22000000 0 31000000 422000000 51000000 0 -25000000 0 -298000000 150000000 1833000000 345000000 238000000 107000000 6000000 54000000 2095000000 239000000 99000000 73000000 13000000 0 9000000 287000000 325000000 38000000 48000000 -5000000 0 3000000 313000000 1269000000 208000000 117000000 99000000 6000000 42000000 1495000000 5647000000 3322000000 3411000000 0 -204000000 231000000 404000000 5989000000 4718000000 3322000000 3408000000 0 36000000 160000000 110000000 4938000000 229000000 0 0 0 5000000 71000000 254000000 559000000 700000000 0 3000000 0 -245000000 0 40000000 492000000 8290000000 4214000000 3798000000 280000000 -204000000 1409000000 160000000 10351000000 415000000 276000000 167000000 -118000000 476000000 -13000000 869000000 415000000 276000000 167000000 -118000000 476000000 -13000000 869000000 235000000 53000000 83000000 -58000000 257000000 -16000000 388000000 0 6000000 0 2000000 0 0 8000000 19000000 4000000 5000000 -16000000 137000000 0 139000000 42000000 88000000 13000000 -15000000 82000000 3000000 187000000 119000000 125000000 66000000 -31000000 0 0 147000000 14000000 0 0 -3000000 5000000 0 6000000 14000000 0 0 -3000000 5000000 0 6000000 151000000 32000000 151000000 -3000000 0 0 29000000 345000000 0 0 0 -40000000 0 18000000 323000000 925000000 308000000 318000000 -124000000 -40000000 471000000 5000000 1227000000 Other disclosures<div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i543ba1124c584c5080bd8fbd4d60b3cc"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Residual maturity periods</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2025, 2024 and 2023 is presented below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:32.133%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.439%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,239 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">962 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">851 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,906 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,743 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">403,889 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">183,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">324,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,062,675 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,620 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,564 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,960 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,513 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,524 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">311,647 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">985,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,755</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">432,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,427,301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700,717 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">271,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,951 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,783 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,048 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,319 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688,927 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,072,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,628 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,638 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">681,728 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,028 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,096 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">700,717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">271,366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,048</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,421,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(508,262)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45,536)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,641</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">336,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,117</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22).</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,401 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,902 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,072 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,558 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,329 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,667 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,871 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,203,707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,628 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,504 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154,005 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,082,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,843 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,537 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">233,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,966</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">177,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">185,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420,279</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,483,620</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720,659 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256,651 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,362 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,620 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,229 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,801 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,484,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">707,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,510 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,946 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,126,439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,022 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,948 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">693,453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,004 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt<br/>securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,570 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,977 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7.75pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">720,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">256,651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,362</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155,620</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,484,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(486,799)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(34,685)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,153</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329,478</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(702)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,544 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,432 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,858 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202,066 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,494 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189,785 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">339,135 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,754 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009,845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">261,029</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215,610</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">180,728</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,562</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">411,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,493,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">711,093 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182,516 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,784 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,527 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,885 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210,538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,035 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,125,308 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,572 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,390 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,246 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,324 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,617 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt<br/>securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,639 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,754 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,989 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">711,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">161,784</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77,885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,468,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(450,064)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,288)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,788)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,191</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">333,760</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the remaining contractual maturities of the existing financial liabilities at amortised cost at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.035%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687,708 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">975,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,742 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306,952 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,029 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">699,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">268,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">146,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71,832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,411,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.273%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">699,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,090 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,102,126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,674 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685,356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,327 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">987,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,973 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,306 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">712,248</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167,875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,465,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.273%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">698,595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,685 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">691,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,025 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">970,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299,795 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">712,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">240,337</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150,581</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86,432</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,439,426</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:33.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.764%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,979</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">69,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,579 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,967 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,348 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,446 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,015 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,355 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,263 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">816 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,968 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">603 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">611</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,595</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">819</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">394 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">655 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">563 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,473 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,739 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,091</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">293</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,523</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,931</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,478</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,211</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,063</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">274,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,052</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,985</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,105 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,339 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,403 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,051 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,070 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,968 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,563 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,849</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,633</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,148</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,785 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,177 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,785 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,154 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,337 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,074 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">838 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">447</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">735</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">917</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,248</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">217,991</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,340 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,411 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,085 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,006 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">321,234 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,348 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,820 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">256,966</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,031</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">486,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">230,253</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,231 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,504 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,676 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,384 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,305 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,100 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,319 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,646 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,762 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,950 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,871 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,421</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,075</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,517</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,254 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,897 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">361 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,638 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(569)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(704)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,770</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,530</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,769</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">152,151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,364 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,296 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,946 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,812 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,753 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">195 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,860 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,037 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">490 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,226 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,806 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,035 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,022 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,140 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">814</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,612</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">116,939</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:34.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.632%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,084 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,747 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,285 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,588 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302,861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,681 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,032 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,493 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">230,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,045</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,507</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">454,255</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,777 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,551 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,775 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,532 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,693 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,328 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,802 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,061 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,657</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">557</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">807 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,095 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">660 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">937</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(237)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">156</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(402)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(80)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,565</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">73,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">122,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,147 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,486 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,990 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,060 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,906 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,589 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,288 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">531 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,693 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,190</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,372</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,367</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,688 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,459 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,223 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,288 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,996 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,369 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,351 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,640 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,084 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">878</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,612</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,770</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,083 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,658 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,344 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,204 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279,589 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,435 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,448 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,386 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,385</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">408,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i0f44b478a3a643188092d7aae3197740"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Equivalent euro value of assets and liabilities</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.833%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Equivalent value in EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,186 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,932 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,410 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets/liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136,499 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,272 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,011 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,530 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,291 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets/liabilities at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">666 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,943 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">793 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,564 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,516 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745,401 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">777,226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">773,504 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,859 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,437 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,296 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">854,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">938,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">937,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,469 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,901 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,891 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,236 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,143,907</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,027,860</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,141,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,051,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,120,947</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,267</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the import of the Polish business held for sale.</span></div><div style="margin-bottom:6pt;margin-top:9pt;padding-right:263.62pt"><span id="i4b2ec453a7394e068d3a03550f2fecd2"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Fair value of financial assets and liabilities not measured at fair value</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value at year-end of the financial instruments (certain portfolios of loans and advances and debt securities, on the asset side, and deposits and debt securities, on the liability side) registered in the consolidated balance sheet at amortized cost is presented below:</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i49dadf88c4804c179c0246c901004c40"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i) Financial assets measured at other than fair value</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.835%"></td><td style="width:0.1%"></td></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,062,675 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,062,981 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">113,004 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">949,977 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,082,758 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,073,530 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">104,582 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">968,948 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,087,844 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,077,543 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">974,129 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">140,014 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">139,242 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,120 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">14,100 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">22,022 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">119,539 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">87,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">13,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">19,220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">102,888 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">67,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">11,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">23,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,202,689</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,202,223</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">103,120</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">127,104</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">971,999</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,203,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,193,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">87,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">117,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">988,168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,191,403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,180,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">67,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">114,471</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">998,009</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib9bfa59f3c714397a8ea183e6a194f2f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii) Financial liabilities measured at other than fair value</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.689%"></td><td style="width:0.1%"></td></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Liabilities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.22pt;font-weight:700;line-height:105%;position:relative;top:-2.27pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,072,384 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,073,147 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">235,998 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">837,149 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,126,439 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,125,532 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">250,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">875,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,125,308 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,124,373 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">263,428 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">860,945 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">312,704 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">314,173 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">162,382 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">115,597 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">36,194 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">317,967 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">317,912 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">170,118 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">112,365 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">35,429 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">303,208 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">298,792 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">136,109 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">125,575 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">37,108 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,385,088</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,387,320</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">162,382</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">351,595</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">873,343</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,444,406</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,443,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">170,118</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">362,805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">910,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,428,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,423,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">136,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">389,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">898,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">At 31 December 2025, Grupo Santander had other financial liabilities that amounted to EUR 36,096 million, EUR 39,916 million in 2024 and EUR 40,187 million in 2023.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> The main valuation methods and inputs used in the estimates at 31 December 2025 of the fair values of the financial assets and liabilities in the foregoing table were as follows:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial assets at amortised cost: the fair value was estimated using the present value method. The estimates were made considering factors such as the expected maturity of the portfolio, market interest rates, spreads on newly approved transactions or market spreads -when available-.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Financial liabilities at amortised cost:</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i) Deposits: the fair value of short term and on demand deposits was taken to be their carrying amount. Factors such as the expected maturity of the transactions and the Group’s current cost of funding in similar transactions are consider for the estimation of long term deposits fair value. It had been used also current rates offered for deposits of similar remaining maturities.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii) Marketable debt securities and subordinated liabilities: the fair value was calculated based on market prices for these instruments -when available- or by the present value method using market interest rates and spreads, as well as using any significant input which is not observable with market data if applicable.</span></div><div style="margin-bottom:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii) The fair value of cash, cash balances at central banks and other deposits on demand was taken to be their carrying amount since they are mainly short-term balances.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i64a6dfdfac4a49b4b0d087943e8ae11a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Offsetting of financial instruments</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2025, 2024 and 2023:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,733 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55,447)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,286 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217,509 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76,535)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">335,242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(131,982)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">203,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,331 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82,559)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,772 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67,488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">341,365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,047)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,625 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,080 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">161,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><span><br/></span></div><div><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:3pt"><span><br/></span></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,664 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55,447)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,217 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,961 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76,535)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170,426 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358,625</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(131,982)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226,643</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,064 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82,559)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67,488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,047)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">218,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,128 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,245 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358,968</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, Grupo Santander has offset other items amounting to EUR 632 million (EUR 811 million and EUR 910 million at 31 December 2024 and 2023, respectively).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025 the balance sheet shows the amounts EUR 192,621 million (EUR 176,198 million and EUR 151,044 million at 31 December 2024 and 2023) on derivatives and repos as assets and EUR 220,296 million (EUR 209,121 million and EUR 180,539 million at 31 December 2024 and 2023, respectively) on derivatives and repos as liabilities that are subject to netting and collateral arrangements.</span></div></div></div> <div style="margin-bottom:9pt;margin-top:6pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by maturity, of the balances of certain items in the consolidated balance sheet at 31 December 2025, 2024 and 2023 is presented below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:32.133%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.438%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.439%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,690 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,631 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,239 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">962 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,044 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">851 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,450 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,906 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173,400 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,743 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,374 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">403,889 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,469 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,562 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">183,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">324,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,062,675 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,134 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,986 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,577 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,620 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,564 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,960 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,513 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,597 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,524 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">311,647 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">985,176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">192,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">225,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">181,993</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,755</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,689</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">432,579</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,427,301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">700,717 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">271,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,951 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,783 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,048 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,319 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688,927 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,132 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,072,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,615 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,628 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,638 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,692 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">681,728 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180,093 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,177 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">979,150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,971 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">67,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">312,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,028 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,096 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">700,717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">271,366</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">147,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72,048</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,421,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(508,262)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(45,536)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,972</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">99,641</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">336,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,117</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, notes and other securities) (see note 22).</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192,208 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,401 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,902 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,905 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,344 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,072 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,623 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,558 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,329 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.08pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,293 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,667 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,276 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,784 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">167,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,871 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176,710 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">387,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,203,707 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,628 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,705 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,504 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154,005 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,082,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,112 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,179 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,760 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,843 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,010 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,537 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">  Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,040 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315,309 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">233,860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">221,966</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">177,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">244,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">185,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">420,279</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,483,620</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720,659 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256,651 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,362 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,620 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,229 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,801 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,484,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">707,418 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,510 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,946 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,126,439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,063 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,022 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,882 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,948 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,655 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,477 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,012 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">693,453 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,004 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,033 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,011,545 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt<br/>securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,570 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,977 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,451 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 8.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 7.75pt 0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">720,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">256,651</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,362</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155,620</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,229</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,484,322</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(486,799)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(34,685)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,765</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,153</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329,478</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(702)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">    </span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at Central Banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">220,342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,544 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,433 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,432 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,764 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,858 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">466 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">801 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">940 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,085 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,669 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202,066 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,494 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">232,190 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,191,403 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189,785 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,380 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213,582 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">339,135 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,521 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">151,067 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,754 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">328,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,009,845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">261,029</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">215,610</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">180,728</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,562</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">411,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,493,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities<br/>at amortized cost</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">711,093 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,898 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182,516 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,784 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,527 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,885 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,468,703 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">697,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">210,538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,035 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,332 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,903 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,125,308 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,224 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,941 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,572 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,990 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,390 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,434 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,963 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,897 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,246 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">164,324 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,704 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,617 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">995,280 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt<br/>securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,639 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">303,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,754 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,989 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">778 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">711,093</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">161,784</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,527</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77,885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,468,703</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Difference (assets less liabilities)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(450,064)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,288)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,788)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">89,778</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,191</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">333,760</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes promissory notes, certificates of deposit and other short-term debt issues.</span></div> 152281000000 152281000000 0 12721000000 8593000000 14012000000 8315000000 28690000000 72331000000 0 10677000000 7631000000 12139000000 6619000000 21239000000 58305000000 0 2044000000 962000000 1873000000 1696000000 7451000000 14026000000 0 0 111000000 3000000 5000000 1001000000 1120000000 0 2044000000 851000000 1870000000 1691000000 6450000000 12906000000 40174000000 213109000000 173400000000 208743000000 163374000000 403889000000 1202689000000 0 8547000000 9312000000 25469000000 17474000000 79212000000 140014000000 40174000000 204562000000 164088000000 183274000000 145900000000 324677000000 1062675000000 0 14782000000 0 0 1134000000 70000000 15986000000 4577000000 26620000000 10564000000 5594000000 1198000000 12960000000 61513000000 35597000000 163160000000 153524000000 177680000000 143568000000 311647000000 985176000000 192455000000 225830000000 181993000000 222755000000 171689000000 432579000000 1427301000000 700717000000 271366000000 147951000000 132783000000 72048000000 96319000000 1421184000000 688927000000 223636000000 96132000000 37030000000 9216000000 17443000000 1072384000000 857000000 8550000000 4615000000 2892000000 0 1628000000 18542000000 6342000000 34993000000 11677000000 12197000000 1845000000 7638000000 74692000000 681728000000 180093000000 79840000000 21941000000 7371000000 8177000000 979150000000 0 38875000000 48971000000 94735000000 62275000000 67848000000 312704000000 11790000000 8855000000 2848000000 1018000000 557000000 11028000000 36096000000 700717000000 271366000000 147951000000 132783000000 72048000000 96319000000 1421184000000 -508262000000 -45536000000 34042000000 89972000000 99641000000 336260000000 6117000000 192208000000 0 0 0 0 0 192208000000 0 13401000000 9153000000 23902000000 8905000000 32344000000 87705000000 0 11072000000 8449000000 22137000000 7623000000 27277000000 76558000000 0 2329000000 704000000 1765000000 1282000000 5067000000 11147000000 0 36000000 0 98000000 6000000 223000000 363000000 0 2293000000 704000000 1667000000 1276000000 4844000000 10784000000 41652000000 208565000000 167974000000 220871000000 176710000000 387935000000 1203707000000 0 9628000000 14041000000 17071000000 22705000000 57504000000 120949000000 41652000000 198937000000 153933000000 203800000000 154005000000 330431000000 1082758000000 0 15067000000 0 0 0 1112000000 16179000000 6208000000 23550000000 4166000000 5760000000 1843000000 14010000000 55537000000 35444000000 160320000000 149767000000 198040000000 152162000000 315309000000 1011042000000 233860000000 221966000000 177127000000 244773000000 185615000000 420279000000 1483620000000 720659000000 256651000000 171362000000 155620000000 89229000000 90801000000 1484322000000 707418000000 213220000000 121914000000 46431000000 21510000000 15946000000 1126439000000 17000000 9063000000 11022000000 4772000000 0 8000000 24882000000 13948000000 27149000000 19300000000 15655000000 6477000000 7483000000 90012000000 693453000000 177008000000 91592000000 26004000000 15033000000 8455000000 1011545000000 0 35570000000 47977000000 100451000000 60128000000 73841000000 317967000000 13241000000 7861000000 1471000000 8738000000 7591000000 1014000000 39916000000 720659000000 256651000000 171362000000 155620000000 89229000000 90801000000 1484322000000 -486799000000 -34685000000 5765000000 89153000000 96386000000 329478000000 -702000000 220342000000 0 0 0 0 0 220342000000 0 13544000000 9234000000 19372000000 14162000000 25235000000 81547000000 0 13078000000 8433000000 18432000000 12764000000 20858000000 73565000000 0 466000000 801000000 940000000 1398000000 4377000000 7982000000 0 466000000 801000000 940000000 1085000000 4377000000 7669000000 40687000000 202066000000 171494000000 232190000000 158556000000 386410000000 1191403000000 0 12281000000 14114000000 18608000000 11281000000 47275000000 103559000000 40687000000 189785000000 157380000000 213582000000 147275000000 339135000000 1087844000000 0 18730000000 0 0 0 1352000000 20082000000 6783000000 26671000000 6313000000 7151000000 1521000000 9478000000 57917000000 33904000000 144384000000 151067000000 206431000000 145754000000 328305000000 1009845000000 261029000000 215610000000 180728000000 251562000000 172718000000 411645000000 1493292000000 711093000000 246898000000 182516000000 161784000000 88527000000 77885000000 1468703000000 697339000000 210538000000 118035000000 61332000000 22161000000 15903000000 1125308000000 168000000 20224000000 6941000000 16846000000 4581000000 22000000 48782000000 6572000000 25990000000 21390000000 13434000000 5963000000 7897000000 81246000000 690599000000 164324000000 89704000000 31052000000 11617000000 7984000000 995280000000 0 28371000000 63440000000 92554000000 57639000000 61204000000 303208000000 13754000000 7989000000 1041000000 7898000000 8727000000 778000000 40187000000 711093000000 246898000000 182516000000 161784000000 88527000000 77885000000 1468703000000 -450064000000 -31288000000 -1788000000 89778000000 84191000000 333760000000 24589000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the remaining contractual maturities of the existing financial liabilities at amortised cost at 31 December 2025, 2024 and 2023 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.035%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">687,708 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,937 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,204 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,423 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,068,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">857 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,497 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,892 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,627 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,454 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,993 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,677 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177,997 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,295 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">975,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,742 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,782 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,250 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306,952 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,855 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,848 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,029 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,097 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">699,498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">268,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">146,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">71,832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,559</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,411,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.273%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">699,007 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,090 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,102,126 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,082 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,026 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,904 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,674 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">685,356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,302 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,147 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,644 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,327 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">987,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,973 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,306 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,671 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,471 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">712,248</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167,875</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">154,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">91,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,465,713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.273%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On demand</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">    </span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">698,595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,311 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099,444 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">168 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,853 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,817 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,884 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,334 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,924 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,685 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">691,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158,025 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,266 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">970,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,492 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">299,795 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,078 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,041 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,898 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,187 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">712,261</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">240,337</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">173,287</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150,581</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86,432</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,439,426</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 687708000000 221487000000 95553000000 36937000000 9204000000 17423000000 1068312000000 857000000 8497000000 4581000000 2892000000 0 1627000000 18454000000 6298000000 34993000000 11677000000 12197000000 1841000000 7636000000 74642000000 680553000000 177997000000 79295000000 21848000000 7363000000 8160000000 975216000000 0 37742000000 47782000000 93250000000 62071000000 66107000000 306952000000 11790000000 8855000000 2848000000 1018000000 557000000 11029000000 36097000000 699498000000 268084000000 146183000000 131205000000 71832000000 94559000000 1411361000000 699007000000 207554000000 117431000000 43090000000 19248000000 15796000000 1102126000000 17000000 9082000000 11026000000 4772000000 0 7000000 24904000000 13634000000 27170000000 19258000000 15674000000 6482000000 7462000000 89680000000 685356000000 171302000000 87147000000 22644000000 12766000000 8327000000 987542000000 0 36315000000 48973000000 102306000000 61260000000 74817000000 323671000000 13241000000 7861000000 1471000000 8738000000 7591000000 1014000000 39916000000 712248000000 251730000000 167875000000 154134000000 88099000000 91627000000 1465713000000 698595000000 204001000000 109311000000 51191000000 20761000000 15585000000 1099444000000 168000000 20334000000 6853000000 16846000000 4581000000 35000000 48817000000 6884000000 25642000000 21334000000 13079000000 5924000000 7685000000 80548000000 691543000000 158025000000 81124000000 21266000000 10256000000 7865000000 970079000000 0 28258000000 62935000000 91492000000 56944000000 60166000000 299795000000 13666000000 8078000000 1041000000 7898000000 8727000000 777000000 40187000000 712261000000 240337000000 173287000000 150581000000 86432000000 76528000000 1439426000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of contractual maturities for the rest of financial assets and liabilities as of 31 December 2025, 2024 and 2023:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:33.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.764%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,979</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,880</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">69,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">252,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,579 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,967 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,348 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,446 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,015 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,355 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,030 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,749 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,618 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,501 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,487 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,263 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">816 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,143 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,181 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">308 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,632 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,532 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,104 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">213 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,967 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,968 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">845 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">603 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,538 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,766 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">611</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,595</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">819</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,046</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">333 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">394 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">655 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">563 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,473 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,152 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">413 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">258 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,739 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,091</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">174</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">407</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,089</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,701 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,281</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">293</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">609</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,523</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,931</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">72</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(46)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">88,478</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,233</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,211</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,063</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">274,387</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">131,052</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,084</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,985</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">171,546</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,105 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,339 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,403 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,051 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,070 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51,968 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">661 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">478 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,893 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,235 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,563 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">770 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,410 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,091 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,120 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,717</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,849</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,633</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,148</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,785 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,177 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,452 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,105 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,921 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,086 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,424 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,785 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,154 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,337 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,074 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">910 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">838 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,482 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,744 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,712 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,686 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">447</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">735</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">917</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,248</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">151,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,757</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,086</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">217,991</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,340 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,411 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,085 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,006 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">321,234 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,348 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">630 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">650 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,449 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,820 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,643 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,118 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">256,966</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">59,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,031</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">486,801</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the Group’s experience, no outflows of cash or other financial assets take place prior to the contractual maturity date that might affect the information broken down above.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64,300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">56,571</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,945</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,933</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">230,253</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,231 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,504 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,676 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,384 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,305 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64,100 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,636 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,305 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,319 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,944 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,646 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,762 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,950 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">66,871 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,725 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,966 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,088 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,287 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,314 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,058 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">176 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,591 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,421</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,075</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,517</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,915</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">95 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,254 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,897 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,018 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">408 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,162 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">361 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,638 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,610 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,641 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">755 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,042 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,786</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">957</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">706</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,672</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(61)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(569)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(704)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,770</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">62,504</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">251,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">100,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,537</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,244</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,530</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,769</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">152,151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,364 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,296 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,946 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,812 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,753 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,548 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">195 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,957 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,830 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,159 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,300 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">310 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,099 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,284 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,984 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,000</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,918</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,860 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,037 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">490 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,226 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,806 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,774 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,035 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,384 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,022 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,833 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">843 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,140 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,428 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,758 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,554 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">826</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">814</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,612</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,752</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">116,939</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,301</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">193,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt;margin-top:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:34.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.632%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,084 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,747 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,157 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57,285 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,588 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">302,861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,803 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,691 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">508 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,172 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,681 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,032 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,411 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,493 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">230,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,231</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,045</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">63,113</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,507</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">454,255</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.427%"><tr><td style="width:1.0%"></td><td style="width:34.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.614%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL ASSETS</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">49,668</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,912</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">176,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,777 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,551 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,775 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,532 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,693 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,328 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,598 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,315 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,800 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,802 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,553 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">243 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,412 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,571 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,717 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,061 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,738 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,155 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,634 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,657</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">557</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,529</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,350</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,680</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,773</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,269 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">690 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">807 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,095 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">660 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,873 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,678 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,379 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">458 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,257 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,480 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,068 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">759 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">860 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">550 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">153 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">982 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,761 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,188</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,535</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">937</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,225</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(237)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(225)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">156</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(402)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(80)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(788)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL ASSETS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">39,319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,565</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,893</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54,220</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">FINANCIAL LIABILITIES</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">73,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,127</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,180</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">122,270</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,147 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,486 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,990 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,060 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,906 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,589 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Shorts positions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,288 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">765 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">531 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,174 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,729 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,507 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,808 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,228 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">425 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,862 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,693 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,144 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,190</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,583</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,372</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,367</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,688 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,459 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,223 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,288 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,996 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,158 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">51 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credits institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,161 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">57 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">372 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,735 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,369 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,351 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,139 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,916 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,052 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">502 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,640 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,021 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,084 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,525</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">878</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,612</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL FINANCIAL LIABILITIES</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">97,971</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,770</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,656</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,823</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">See breakdown by type of debt (subordinated debt, senior unsecured debt, senior secured debt, promissory notes and other securities) (see note 22).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:34.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.598%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.601%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Within 3 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 12 months</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1 to 3<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 to 5<br/>years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 5 years</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans commitment granted</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,083 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,658 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,344 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,204 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,300 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">279,589 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,870 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,734 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">686 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">491 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,435 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,146 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,448 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,386 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,594 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">113,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">MEMORANDUM ITEMS</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">214,099</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,697</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">51,276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">22,385</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">408,297</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 85732000000 38979000000 35639000000 22880000000 69088000000 252318000000 15579000000 4967000000 13348000000 10446000000 14015000000 58355000000 0 0 0 0 22030000000 22030000000 8666000000 26749000000 20034000000 11618000000 31501000000 98568000000 61487000000 7263000000 2257000000 816000000 1542000000 73365000000 13143000000 1181000000 308000000 0 0 14632000000 22532000000 2114000000 1104000000 213000000 4000000 25967000000 25812000000 3968000000 845000000 603000000 1538000000 32766000000 611000000 893000000 1595000000 819000000 4128000000 8046000000 333000000 480000000 1032000000 394000000 655000000 2894000000 278000000 413000000 563000000 425000000 3473000000 5152000000 20000000 1000000 9000000 30000000 353000000 413000000 258000000 412000000 553000000 396000000 3120000000 4739000000 1091000000 174000000 407000000 0 6089000000 7761000000 5815000000 5815000000 34000000 9000000 93000000 0 109000000 245000000 1057000000 165000000 314000000 0 165000000 1701000000 0 0 0 0 0 0 0 0 0 0 0 0 1057000000 165000000 314000000 0 165000000 1701000000 0 0 0 0 2281000000 2281000000 0 0 0 0 2281000000 2281000000 1066000000 293000000 609000000 440000000 1523000000 3931000000 -22000000 63000000 -17000000 72000000 -46000000 50000000 88478000000 40402000000 38233000000 24211000000 83063000000 274387000000 131052000000 5783000000 14084000000 10642000000 9985000000 171546000000 18105000000 4339000000 11403000000 10051000000 8070000000 51968000000 39712000000 661000000 1271000000 478000000 1893000000 44015000000 73235000000 783000000 1410000000 113000000 22000000 75563000000 12385000000 0 0 0 0 12385000000 24759000000 770000000 1410000000 113000000 6000000 27058000000 36091000000 13000000 0 0 16000000 36120000000 19717000000 4015000000 6934000000 3849000000 7633000000 42148000000 18785000000 3177000000 4452000000 1105000000 2921000000 30440000000 3086000000 0 0 0 0 3086000000 914000000 23000000 115000000 31000000 341000000 1424000000 14785000000 3154000000 4337000000 1074000000 2580000000 25930000000 910000000 838000000 2482000000 2744000000 4712000000 11686000000 22000000 0 0 0 0 22000000 447000000 681000000 735000000 917000000 1468000000 4248000000 -16000000 25000000 4000000 36000000 0 49000000 151200000000 10504000000 21757000000 15444000000 19086000000 217991000000 146340000000 31411000000 45392000000 58085000000 40006000000 321234000000 8348000000 6018000000 1803000000 630000000 650000000 17449000000 102278000000 21002000000 11820000000 3643000000 9375000000 148118000000 256966000000 58431000000 59015000000 62358000000 50031000000 486801000000 64300000000 56571000000 33945000000 24504000000 50933000000 230253000000 14231000000 14504000000 16676000000 12384000000 6305000000 64100000000 0 0 0 0 16636000000 16636000000 6930000000 21305000000 15319000000 11944000000 27148000000 82646000000 43139000000 20762000000 1950000000 176000000 844000000 66871000000 1241000000 11725000000 0 0 0 12966000000 21840000000 4088000000 1287000000 0 99000000 27314000000 20058000000 4949000000 663000000 176000000 745000000 26591000000 152000000 750000000 2421000000 1075000000 3517000000 7915000000 95000000 342000000 1254000000 680000000 526000000 2897000000 57000000 408000000 1167000000 395000000 2991000000 5018000000 0 0 0 0 0 0 16000000 0 5000000 34000000 353000000 408000000 41000000 408000000 1162000000 361000000 2638000000 4610000000 794000000 8000000 29000000 102000000 5197000000 6130000000 0 0 0 0 4641000000 4641000000 39000000 2000000 3000000 10000000 393000000 447000000 755000000 6000000 26000000 92000000 163000000 1042000000 0 0 0 0 0 0 0 0 0 0 0 0 755000000 6000000 26000000 92000000 163000000 1042000000 0 0 0 0 2193000000 2193000000 0 0 0 0 2193000000 2193000000 1786000000 1423000000 957000000 800000000 706000000 5672000000 -61000000 18000000 -569000000 -50000000 -42000000 -704000000 66971000000 58770000000 36783000000 26431000000 62504000000 251459000000 100071000000 16537000000 14244000000 12530000000 8769000000 152151000000 14364000000 13296000000 11946000000 12335000000 5812000000 57753000000 28548000000 2931000000 1199000000 195000000 2957000000 35830000000 57159000000 310000000 1099000000 0 0 58568000000 13300000000 0 0 0 0 13300000000 24875000000 310000000 1099000000 0 0 26284000000 18984000000 0 0 0 0 18984000000 16036000000 6000000000 6422000000 1918000000 5984000000 36360000000 15193000000 4860000000 4037000000 490000000 4226000000 28806000000 1774000000 0 0 0 0 1774000000 1035000000 133000000 15000000 49000000 393000000 1625000000 12384000000 4727000000 4022000000 441000000 3833000000 25407000000 843000000 1140000000 2385000000 1428000000 1758000000 7554000000 832000000 668000000 826000000 814000000 1612000000 4752000000 0 -5000000 13000000 47000000 -64000000 -9000000 116939000000 23200000000 21505000000 15309000000 16301000000 193254000000 133084000000 35747000000 57157000000 57285000000 19588000000 302861000000 5103000000 6803000000 3691000000 796000000 508000000 16901000000 92172000000 20681000000 13197000000 5032000000 3411000000 134493000000 230359000000 63231000000 74045000000 63113000000 23507000000 454255000000 36120000000 49668000000 30602000000 17912000000 42619000000 176921000000 8777000000 10551000000 17775000000 9532000000 9693000000 56328000000 0 0 0 0 15057000000 15057000000 7598000000 18315000000 10274000000 8137000000 17800000000 62124000000 19745000000 20802000000 2553000000 243000000 69000000 43412000000 1146000000 16571000000 0 0 0 17717000000 10861000000 2076000000 1079000000 45000000 0 14061000000 7738000000 2155000000 1474000000 198000000 69000000 11634000000 1657000000 557000000 2529000000 1350000000 3680000000 9773000000 252000000 77000000 1269000000 690000000 807000000 3095000000 1405000000 480000000 1260000000 660000000 2873000000 6678000000 26000000 22000000 3000000 15000000 393000000 459000000 1379000000 458000000 1257000000 645000000 2480000000 6219000000 591000000 153000000 71000000 80000000 5015000000 5910000000 0 0 0 0 4068000000 4068000000 41000000 0 57000000 3000000 759000000 860000000 550000000 153000000 14000000 77000000 188000000 982000000 550000000 153000000 14000000 77000000 188000000 982000000 0 0 0 0 1761000000 1761000000 0 0 0 0 1761000000 1761000000 1188000000 412000000 1535000000 937000000 1225000000 5297000000 -237000000 -225000000 156000000 -402000000 -80000000 -788000000 39319000000 50565000000 34893000000 19877000000 54220000000 198874000000 73257000000 12127000000 19180000000 10591000000 7115000000 122270000000 8147000000 9486000000 17990000000 10060000000 4906000000 50589000000 21381000000 1288000000 765000000 531000000 2209000000 26174000000 43729000000 1353000000 425000000 0 0 45507000000 7808000000 0 0 0 0 7808000000 17228000000 209000000 425000000 0 0 17862000000 18693000000 1144000000 0 0 0 19837000000 23190000000 7583000000 4863000000 1359000000 3372000000 40367000000 22688000000 6459000000 3223000000 338000000 2288000000 34996000000 1158000000 51000000 0 0 0 1209000000 1161000000 57000000 84000000 61000000 372000000 1735000000 20369000000 6351000000 3139000000 277000000 1916000000 32052000000 502000000 1124000000 1640000000 1021000000 1084000000 5371000000 1525000000 2064000000 1577000000 878000000 1612000000 7656000000 -1000000 -4000000 36000000 -5000000 29000000 55000000 97971000000 21770000000 25656000000 12823000000 12128000000 170348000000 125083000000 31658000000 55344000000 47204000000 20300000000 279589000000 7870000000 4734000000 1654000000 686000000 491000000 15435000000 81146000000 17448000000 9699000000 3386000000 1594000000 113273000000 214099000000 53840000000 66697000000 51276000000 22385000000 408297000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of the main foreign currency balances in the consolidated balance sheet, based on the nature of the related items, is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:37.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.833%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Equivalent value in EUR million</span></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">89,186 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,932 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,410 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets/liabilities held for trading</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136,499 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75,272 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">106,011 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,581 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,530 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,291 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial assets/liabilities at fair value through profit or loss</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">666 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,943 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">793 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at fair value through other comprehensive income</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,564 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,861 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,516 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">745,401 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">777,226 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">773,504 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,859 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,103 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,437 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,812 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,797 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,296 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">854,517 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">938,844 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">937,917 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Liabilities under insurance contracts</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">261 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">330 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,469 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,901 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,891 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,236 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,740 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,143,907</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,027,860</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,141,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,051,550</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,120,947</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,267</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Includes the import of the Polish business held for sale.</span></div> 89186000000 109932000000 114410000000 136499000000 75272000000 130076000000 76216000000 106011000000 60581000000 3530000000 3208000000 3291000000 666000000 14943000000 793000000 13844000000 1721000000 12699000000 45564000000 60861000000 60516000000 745401000000 777226000000 773504000000 1859000000 2103000000 1689000000 14437000000 18812000000 20797000000 10296000000 12282000000 12772000000 854517000000 938844000000 937917000000 227000000 261000000 330000000 96469000000 82901000000 25891000000 22385000000 26236000000 25740000000 1143907000000 1027860000000 1141184000000 1051550000000 1120947000000 1037267000000 <div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i49dadf88c4804c179c0246c901004c40"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">i) Financial assets measured at other than fair value</span></div><div style="margin-bottom:9pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.835%"></td><td style="width:0.1%"></td></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,062,675 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,062,981 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">113,004 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">949,977 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,082,758 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,073,530 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">104,582 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">968,948 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,087,844 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,077,543 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">974,129 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">140,014 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">139,242 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,120 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">14,100 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">22,022 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">120,949 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">119,539 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">87,170 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">13,149 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">19,220 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">103,559 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">102,888 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">67,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">11,057 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">23,880 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,202,689</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,202,223</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">103,120</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">127,104</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">971,999</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,203,707</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,193,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">87,170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">117,731</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">988,168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,191,403</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,180,431</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">67,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">114,471</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">998,009</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 1062675000000 1062981000000 0 113004000000 949977000000 1082758000000 1073530000000 0 104582000000 968948000000 1087844000000 1077543000000 0 103414000000 974129000000 140014000000 139242000000 103120000000 14100000000 22022000000 120949000000 119539000000 87170000000 13149000000 19220000000 103559000000 102888000000 67951000000 11057000000 23880000000 1202689000000 1202223000000 103120000000 127104000000 971999000000 1203707000000 1193069000000 87170000000 117731000000 988168000000 1191403000000 1180431000000 67951000000 114471000000 998009000000 <div style="margin-bottom:3pt;margin-top:9pt"><span id="ib9bfa59f3c714397a8ea183e6a194f2f"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">ii) Financial liabilities measured at other than fair value</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:6.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.689%"></td><td style="width:0.1%"></td></tr><tr><td colspan="54" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt;text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Liabilities</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.22pt;font-weight:700;line-height:105%;position:relative;top:-2.27pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Fair value</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">Level 3</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,072,384 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,073,147 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">235,998 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">837,149 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,126,439 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,125,532 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">250,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">875,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,125,308 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">1,124,373 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">263,428 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">860,945 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">312,704 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">314,173 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">162,382 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">115,597 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">36,194 </span></td><td style="background-color:#f6f6f6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">317,967 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">317,912 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">170,118 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">112,365 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">35,429 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">303,208 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">298,792 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">136,109 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">125,575 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%">37,108 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,385,088</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,387,320</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">162,382</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">351,595</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">873,343</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,444,406</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,443,444</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">170,118</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">362,805</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">910,521</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,428,516</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">1,423,165</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">136,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">389,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:700;line-height:105%">898,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:6.5pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">At 31 December 2025, Grupo Santander had other financial liabilities that amounted to EUR 36,096 million, EUR 39,916 million in 2024 and EUR 40,187 million in 2023.</span></div> 1072384000000 1073147000000 0 235998000000 837149000000 1126439000000 1125532000000 0 250440000000 875092000000 1125308000000 1124373000000 0 263428000000 860945000000 312704000000 314173000000 162382000000 115597000000 36194000000 317967000000 317912000000 170118000000 112365000000 35429000000 303208000000 298792000000 136109000000 125575000000 37108000000 1385088000000 1387320000000 162382000000 351595000000 873343000000 1444406000000 1443444000000 170118000000 362805000000 910521000000 1428516000000 1423165000000 136109000000 389003000000 898053000000 36096000000 39916000000 40187000000 <div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the detail of financial assets and liabilities that were offset in the consolidated balance sheets as of 31 December 2025, 2024 and 2023:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.136%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,733 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55,447)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,286 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">217,509 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76,535)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,974 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">335,242</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(131,982)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">203,260</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,331 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82,559)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,772 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">189,034 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67,488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">341,365</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,047)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial assets offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial assets presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,625 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">179,580 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,080 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">329,088</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">161,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">111,664 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55,447)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,217 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,961 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76,535)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170,426 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358,625</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(131,982)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226,643</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,064 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82,559)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">223,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(67,488)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">155,653 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">368,205</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(150,047)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">218,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:24.517%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.430%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount of financial liabilities offset in the balance sheet</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net amount of financial liabilities presented in the balance sheet</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivatives</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,128 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(87,883)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,245 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reverse repurchase agreements</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212,840 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79,500)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">133,340 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">358,968</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(167,383)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">191,585</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 117733000000 55447000000 62286000000 217509000000 76535000000 140974000000 335242000000 131982000000 203260000000 152331000000 82559000000 69772000000 189034000000 67488000000 121546000000 341365000000 150047000000 191318000000 149508000000 87883000000 61625000000 179580000000 79500000000 100080000000 329088000000 167383000000 161705000000 111664000000 55447000000 56217000000 246961000000 76535000000 170426000000 358625000000 131982000000 226643000000 145064000000 82559000000 62505000000 223141000000 67488000000 155653000000 368205000000 150047000000 218158000000 146128000000 87883000000 58245000000 212840000000 79500000000 133340000000 358968000000 167383000000 191585000000 632000000 811000000 910000000 192621000000 176198000000 151044000000 220296000000 209121000000 180539000000 Primary and secondary segments reporting<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander bases segment reporting on financial information presented to the chief operating decision maker, which excludes certain statutory results items that distort year-on-year comparisons and are not considered for management reporting. This financial information (underlying basis) is computed by adjusting reported results for the effects of certain gains and losses (e.g. capital gains, write-downs, impairment of goodwill, etc.). These gains and losses are items that management and investors ordinarily identify and consider separately to better understand the underlying trends in the business.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has aligned the information in this note with the underlying information used internally for management reporting and with that presented in Grupo Santander's other public documents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander executive committee has been selected to be its chief operating decision maker. Grupo Santander's operating segments reflect its organizational and managerial structures. Grupo Santander 's executive committee reviews internal reporting based on these segments to assess performance and allocate resources.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The segments are split by global business and by country in which profits are earned. Santander prepares the information by aggregating the figures for Grupo Santander’s global businesses and countries, relating it to both the accounting data of the business units integrated in each segment and that provided by management information systems. The same general principles as those used in Grupo Santander are applied.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On 10 February 2026, the Group announced the implementation of a series of changes to its reporting structure. These changes are intended to improve the transparency and comparability of the metrics and financial statements, as well as to align the reporting with the way the bank has been managed since the beginning of 2026.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These changes, which affect the statutory and underlying income statements, the segment reporting and certain management metrics, have been applied to the periods presented herein and will apply to the information reported from the first quarter of 2026. These changes do not affect the Group’s consolidated balance sheet. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main changes are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the underlying income statement, the results associated with the business subject to the Poland disposal are recorded in a single line item under 'non-recurring items'. Consequently, the global businesses, which, in accordance with IFRS 8, are reported only on an underlying basis, also exclude Poland.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Certain charges that, until 31 December 2025, were recorded under the 'other provisions' line item are now presented in different lines of the income statement. In particular, charges mainly relating to bank levies and other taxes applicable to the banking sector, are reclassified to 'other operating costs' to ensure uniformity across the Group. In addition, certain recurring operating charges, primarily related to labour (mainly in Brazil) and legal processes, are presented in 'total costs' (comprising </span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">'administrative expenses and amortizations' and 'other operating costs'). </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Given that our payments platform strategy is now largely established, we are positioning Payments, renamed Payment Solutions, as the Group’s payments platform business. In this context, from 1 January 2026, the income statement and balance sheet items relating to the Cards business have been reclassified to Retail (previously recorded in Payments), to better align reporting with the management structure in these businesses in 2026.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In addition to the change in the Payments business described above, two minor adjustments have been introduced to the primary segments: i) the Digital Consumer Bank (Consumer) business has been renamed Openbank; and ii) Wealth Management &amp; Insurance has been reorganized into two business lines. These changes do not impact figures at the Group or primary segment levels.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group has recast the corresponding information of earlier periods to reflect these changes in the structure of its internal organization.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span id="i4202235fb51e42a48cd3b55866820599"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Primary segments</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This primary level of segmentation, which is based on the Group’s management structure, comprises six reportable segments: five global businesses plus the Corporate Centre. The operating areas are:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Retail &amp; Commercial Banking (Retail): area that integrates the retail banking and commercial banking business (individuals, SMEs and corporates), except private banking clients and business originated in the consumer finance businesses. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Openbank, formerly Digital Consumer Bank (Consumer): comprises all business originated by consumer finance companies, plus our digital bank (formerly Openbank), Open Digital Services (ODS) and SBNA Consumer. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Corporate &amp; Investment Banking (CIB): this business, which includes Global Transactional Banking, Global Banking (Global Debt Financing and Corporate Finance) and Global Markets, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve our broad customer base.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Wealth Management &amp; Insurance (Wealth): comprises two business lines: i) Private Banking, which includes the corporate private banking unit and International Private Banking in the US, Switzerland and the UAE; and ii) Insurance &amp; Asset Management Solutions, which brings together the insurance business and liquid and illiquid asset management activities and includes the investment platforms and holdings that complement the traditional Wealth business.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Payment Solutions (Payments): brings together the Group’s digital payment solutions, providing global technological solutions to Group entities and new customers in the open market. It comprises Getnet, Getnet Platforms and Ebury.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Corporate Centre: includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of the Group's asset and liability committee, as well as management of liquidity and of shareholders' equity via issuances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As Grupo Santander’s holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the other businesses. It also incorporates goodwill impairments but not the costs related to the Grupo Santander’s central services (charged to the areas), except for corporate and institutional expenses related to the Grupo Santander’s functioning.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no customers located in any of the areas that generate income exceeding 10% of Total income.</span></div></div></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different segments, summarized, are indicated below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594,262 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,857 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,210 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,516 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">977 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,465 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">628,026 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,946 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591,287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,065 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,537 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">984,466</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">726,779 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138,999 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181,509 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">616,402 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129,909 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137,267 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,051 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">944,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110,377 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,089 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,464 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,458 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">255,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">598,852 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,746 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,066 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">618,628 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128,975 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,872 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,005,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600,230 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,643 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">706,505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,122 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,492 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,304 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">607,094 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128,933 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133,433 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,736 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">927,533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99,411 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,189 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,059 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105,568 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">227,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">610,528 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,158 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,627 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,456 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,165 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,531 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629,243 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,446 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">200,592 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,462 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,002,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611,882 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,649 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,308 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,550 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,194 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981,192</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688,569 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,996 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,721 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,292 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,127,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">600,871 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152,156 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,599 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">923,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,698 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,662 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,565 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">94,693 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">203,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The condensed income statements for the primary segments are as follows:</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,222 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,552 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,642 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(983)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">511 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,447</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,016</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(585)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,913)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,752)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,444)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,203)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,410)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,534</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,264</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,003)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,150)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,457)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(278)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(385)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,998</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,949</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,564</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,974)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(489)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,114)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(532)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(336)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,983</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,779</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,617)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(545)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(512)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,815</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,023)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">'Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">'Net Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,586</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,221</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,499</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,077 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,229 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,707)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,082</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(442)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,526)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,381)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,111)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,501)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(901)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,542)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,106)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,076)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(426)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(429)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(163)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i1cee3d5ad3ab4eb6bbc46ae24837b6d9"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Secondary segments</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This secondary level includes our main geographical units and the Corporate Centre, as described in the primary segments.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Detailed financial information is provided on Spain, the UK, Portugal, Openbank Europe (previously referred to as DCB Europe), which includes all consumer business, our digital bank in Europe and ODS, the US, Mexico, Brazil, Chile and Argentina.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Information is also provided for the 'Rest of the Group', the grouping which brings together everything that is not included in the aforementioned geographical units or the Corporate Centre.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">There are no customers located in a place different from the location of the Group's assets that generate revenues in excess of 10% of ordinary revenues.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different secondary segments, summarized, are indicated below: </span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264,950 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242,624 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,260 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,659 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,083 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354,943 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,708 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,359 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,000 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,595 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237,385 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228,273 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,980 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,477 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,950 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,442 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">429,464 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227,160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,178 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">322,070 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">219,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82,359 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45,498 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107,394 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,719 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,625 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,200 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,492 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,703 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,653 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,032 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,465 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,315 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,503 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,959 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,030 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,986 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,611 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,537 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,796 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">984,466</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,916 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80,449 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,959 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,691 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">944,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52,132 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,963 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,934 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,225 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">255,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,897 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,410 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,856 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,054 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,425 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,408 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,403 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,836 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,759 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236,496 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,143 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,511 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,715 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399,999 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,246 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">306,389</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222,835</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,304</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81,376</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,545</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,528</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,609</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,643</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,882</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,500</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,702</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,632</span></td></tr></table></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,620 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,332 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,905 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,994 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,181 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,955 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,005,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,785 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,405 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,285 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,881 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,383 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,047 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,204 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81,378 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30,060 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,527 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">927,533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,503 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,324 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,754 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,677 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">227,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-indent:6.66pt"><span><br/></span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:26.686%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239,214 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245,743 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,864 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,843 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,905 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">324,099 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,782 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,703 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229,803 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,111 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,658 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,202 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,671 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,688 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,810 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,667 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,963 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,062 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,775 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">308,745 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224,396 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95,697 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45,693 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,065 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,272 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,252 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,629 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,364 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,082 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:26.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.922%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,399 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,616 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,767 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,531 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,892 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,207 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,002,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,583 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,823 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,878 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981,192</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,044 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,098 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,288 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,670 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,127,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,297 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,337 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,034 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">923,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54,747 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,761 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,810 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,636 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">203,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The condensed income statements are as follow</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,305</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,008</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">506 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,328 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,929</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,465)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,937)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,890)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,730)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,026</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,039</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,142)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,363)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,244)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,239)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,083</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,417</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,398</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,811)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(486)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(322)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(627)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">772</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,380</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,917</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(510)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(585)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,957)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(919)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(978)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,676)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,410)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,795</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,003)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,409)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(531)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(260)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,232</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(836)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(189)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">729</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,256</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,693</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,631</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,065</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,278</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,050)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,965)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,727)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,962</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,259)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,507)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,277)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(456)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,678)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(255)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(598)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,671</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,121</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,919</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,337)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,643)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,487)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">827</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(248)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,165)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(211)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(243)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(271)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(280)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:26.686%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,641</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,699 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,374 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,944</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,815)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,928)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(567)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,751)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,707)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,645)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,378</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,522)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,593)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(46)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,399</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,029)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(563)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(493)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(541)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">896</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,560</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,116</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,071)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,285</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(442)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,430)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(953)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(831)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,415)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,501)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,332</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(901)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,701)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(365)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(150)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,911</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">582</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:6pt;padding-right:263.62pt"><span id="ic408f97c36dd4ce4b465f8447579cbef"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Reconciliations of reportable segment results</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The tables below reconcile the statutory basis results to the underlying results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described.</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled.</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,976 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,311</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,779)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs<br/></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,596)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,255)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,723)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,542)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,529)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,399)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,101</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(949)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 50 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item. However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded.    </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 620 million of restructuring charges and EUR 214 million of provisions for potential complaints related to motor finance dealer commissions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A capital gain in Q2 2025 of EUR 231 million from the sale of Santander’s remaining 30.5% stake in CACEIS was completely offset by a charge of EUR 467 million in Q2 2025 (EUR 231 million net of tax and minority interests), which strengthens the balance sheet after having updated macroeconomic parameters in Brazil’s credit provisioning models in 'Other gains (losses) and provisions'.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,376 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,183)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,844)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,241)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,170)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(800)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:27pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 47 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item. However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 835 million of restructuring charges, EUR 353 million of provisions for potential complaints related to motor finance dealer commissions and EUR 243 million from charges related to the discontinuation of our merchant platform in Germany and Superdigital in Latin America. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The recognition of provisions to strengthen the balance sheet in Brazil, amounted to EUR 352 million gross in Q2 2024 (EUR 174 million net of tax and non-controlling interests) were compensated with gains on Pluxee in Brazil in 'Other gains (losses) and provisions'.</span></div></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,495 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(759)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,615)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,267</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,260)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,002)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,651 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,005</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,880)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(213)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,058)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,016)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(674)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To better understand the business trends, we reclassified certain items under some headings of the underlying income statement. These reclassifications between the statutory and underlying income statements include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the statutory income statement, results associated with the business subject to the Poland disposal are reported in the 'profit/(loss) after tax from discontinued operations' line item. However, in the underlying income statement, the results related to the business subject to the Poland disposal are excluded.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt"> Certain charges recorded in the statutory account under the line items that comprise 'other gains (losses) and provisions' are presented in the underlying income statement under the 'total costs' line item. These are mainly recurring operating charges, primarily related to labour and legal processes, and exclude EUR 385 million of restructuring charges. </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provisions to strengthen the balance sheet in Brazil in Q1 2023, totalling EUR 235 million, net of tax and non-controlling interests (EUR 474 million recorded in net loan-loss provisions, EUR 213 million positive tax impact and EUR 26 million in non-controlling interests), were more than offset by gains of EUR 270 million resulting primarily from the divestments of stakes in Brazil and Openbank in 'Other gains (losses) and provisions'.</span></div></div></div> 6 5 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different segments, summarized, are indicated below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594,262 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">203,857 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">204,210 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,516 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">977 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,465 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">628,026 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,946 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221,321 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,127 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">591,287 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146,065 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,680 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,537 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">984,466</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">726,779 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">138,999 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,731 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">181,509 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">616,402 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129,909 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">137,267 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58,051 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,392 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">944,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">110,377 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,089 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,464 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">123,458 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">255,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">598,852 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,107 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178,746 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,066 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">618,628 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">128,975 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">198,872 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,005,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">600,230 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,840 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,643 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,087 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">706,505 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,122 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">147,492 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">161,304 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">607,094 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">128,933 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">133,433 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">55,736 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">927,533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99,411 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,189 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,059 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">105,568 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">227,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.800%"><tr><td style="width:1.0%"></td><td style="width:23.710%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.456%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.943%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.154%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.397%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.737%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">610,528 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">199,158 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163,627 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,456 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,165 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,531 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629,243 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,446 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">200,592 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54,462 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,002,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt 0 7pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:400;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">611,882 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,649 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,308 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,550 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,194 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981,192</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688,569 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">120,996 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166,721 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,292 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,127,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">600,871 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">114,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">152,156 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,599 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,418 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">923,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,698 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,662 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,565 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">94,693 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">203,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The condensed income statements for the primary segments are as follows:</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,528</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">167</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,222 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,552 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,642 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,059 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">680 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">512 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(983)</span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">511 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">359 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">552 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,447</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,015</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,016</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,042</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(585)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13,913)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,752)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,444)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,203)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,410)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,534</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,264</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,598</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">170</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,003)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,150)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,457)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(278)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(385)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(312)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,998</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,949</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,564</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,974)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(489)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,114)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(532)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,024</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,077</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,835</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">115</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(336)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(127)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(50)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,710</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,983</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,854</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,777</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,779</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">132</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,415 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,442 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">958 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">256 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,617)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">136 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,064</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,897</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,587</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,704)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,576)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,922)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,403)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,359</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,302</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,064)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,562)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(545)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(512)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,815</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(233)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,023)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(57)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,619</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,934</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,624</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(290)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(273)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(40)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,659</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,639</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,584</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(299)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">'Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">'Net Loan loss provisions' refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:29.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retail &amp; Commercial Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate &amp; Investment Banking</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Wealth Management &amp; Insurance</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Payment Solutions</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,586</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,221</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,499</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">92</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,077 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,229 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,013 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">837 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,748 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">178 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,707)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">709 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">197 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,792</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,100</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,082</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(442)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,526)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,381)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,266)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,111)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,501)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,036</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,719</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(901)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,542)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,106)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,195</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,578</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,834</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,076)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(426)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,086)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(429)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,120</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,251</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,405</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(232)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(163)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying profit attributable to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,901</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(77)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognised in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main masses of the balance sheets of the different secondary segments, summarized, are indicated below: </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">264,950 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">242,624 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,260 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,322 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,659 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,083 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354,943 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,708 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,359 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">122,000 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55,595 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">237,385 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228,273 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,980 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,477 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,950 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,442 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">429,464 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">227,160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,559 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,178 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,201 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">322,070 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">219,440 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">40,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">82,359 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,686 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45,498 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107,394 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,719 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,625 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,200 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,492 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,703 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87,653 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,032 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,465 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,315 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,037,288</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">92,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,503 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,959 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,913 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,041,200</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,030 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,986 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,611 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,537 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,796 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">984,466</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,894 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,916 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">80,449 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,959 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,387 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,691 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">944,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">52,132 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,963 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,934 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,225 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">255,389</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,897 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">246,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,410 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">134,856 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,054 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,425 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,408 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,304 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81,376 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,403 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,836 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,759 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">236,496 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,143 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">139,927 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117,511 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,715 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">399,999 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230,479 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,186 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,876 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,246 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,160 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">306,389</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222,835</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">38,304</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81,376</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,545</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">41,528</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">93,609</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,643</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,882</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,500</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,702</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,632</span></td></tr></table></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,620 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,332 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,684 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,911 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,905 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,017,160</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,994 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,181 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,430 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,955 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,005,605</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93,785 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,405 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,938 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,997 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,285 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">978,961</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,881 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,383 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,047 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,204 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,154,759</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">81,378 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">30,060 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,293 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,299 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,527 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">927,533</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">48,503 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,324 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,754 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,677 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">227,226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-indent:6.66pt"><span><br/></span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:26.686%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">239,214 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">245,743 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,864 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132,692 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,843 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,905 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">324,099 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">233,453 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">121,782 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,703 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229,803 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235,111 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,658 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,202 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,671 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48,688 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">386,810 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">231,667 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,618 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,963 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">108,062 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,775 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">308,745 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">224,396 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">36,366 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,334 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">95,697 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">45,693 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,065 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,272 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,252 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,629 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">12,364 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,082 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:26.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.922%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Center</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances to customers</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,399 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,616 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,767 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,531 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,892 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customer deposits</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,578 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,207 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,002,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Memorandum items</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross loans and advances to customers</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,583 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,823 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,878 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,608 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,164 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">981,192</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Customers funds</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,044 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,098 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,288 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,670 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,127,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Customer deposits</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-style:italic;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">90,297 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">29,337 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,478 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,034 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">923,884</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ee2724;border-top:0.5pt solid #ee2724;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Mutual funds</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">54,747 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">10,761 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,810 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,636 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:105%">203,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Excluding reverse repos.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.48pt">Excluding repos.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The condensed income statements are as follow</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.279%"><tr><td style="width:1.0%"></td><td style="width:27.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.822%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,305</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,008</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,685</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,888</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,554</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,022 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">369 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">506 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">804 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,328 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,454 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">841 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">547 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">720 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(245)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(130)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,887</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,956</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,925</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,929</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,465)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,937)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(544)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,899)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,890)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,730)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,423</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,095</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,412</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,026</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,039</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,575</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,142)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(177)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,363)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,244)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,239)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(124)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(266)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(47)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,083</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,417</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,398</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,336</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,811)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(486)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(405)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(322)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(207)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(627)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,709</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(304)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,307</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,010</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">772</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,705</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,380</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,917</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,727</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(490)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,080</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,193 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">582 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">788 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">230 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(82)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">296 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">93 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(510)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,714</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,235</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(585)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,309</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,957)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(919)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(978)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(417)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,676)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,410)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,645</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,795</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,257</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,003)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">634</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,409)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(531)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(198)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(260)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(33)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(45)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,224</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,232</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,275)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(836)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(189)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(216)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">190 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(29)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">434</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(314)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,168</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">729</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">433</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,085)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,256</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,950</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,548</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,361</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,693</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,631</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,867 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">902 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,152 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,385 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,100 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">358 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(133)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,011</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,065</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,644</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,580</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,278</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,509)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,050)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(574)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,848)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,965)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,727)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,071</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,962</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,492</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,796</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,615</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,551</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,259)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(64)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,209)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,507)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,277)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(372)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(456)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,440</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,794</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,053</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,274</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,678)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(488)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(478)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(255)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(598)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,763</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,003</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">876</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,676</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,762</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,001</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">642</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,671</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,121</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,822</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,919</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(308)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">832</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,414 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">551 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">602 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">722 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">238 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(408)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,592</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,487</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(680)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,889</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(942)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,337)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(540)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,643)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27,354)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,318</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">246</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,487)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(497)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(284)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(230)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(42)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(99)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(263)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,830</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,111</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">827</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,317)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(248)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,165)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(211)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(161)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,155)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(285)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(243)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(271)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">665</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,154)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(280)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.575%"><tr><td style="width:1.0%"></td><td style="width:26.686%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.935%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United Kingdom</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portugal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Openbank Europe</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">United States</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mexico</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,641</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,465</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,408</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,699 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">338 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">464 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">796 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">766 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,374 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">688 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">294 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(190)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(162)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">375 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">406 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(94)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,837</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,358</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,944</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,481</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,209</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,899</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,815)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,928)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(567)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,751)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,707)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,645)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,022</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,430</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,378</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,730</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,502</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,254</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,522)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(247)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(77)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(792)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,593)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(46)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,399</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,107</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,029)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(563)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(493)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(541)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,526</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,577</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(327)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,545</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">896</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,199</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">932</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,560</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:26.011%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying income statement (condensed)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Brazil</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Chile</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Argentina</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the Group</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,116</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">780</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,462 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">396 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">483 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">341 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(302)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">353 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,071)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(86)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,104</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,285</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(442)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,721</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total Costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,430)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(953)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(831)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(460)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,415)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26,501)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,674</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,332</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">713</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(901)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">306</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,701)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(365)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(150)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(203)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(58)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(62)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,911</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(961)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(776)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(117)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(75)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Profit/(loss) from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net profit/(loss) from discontinued operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,135</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">816</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">388</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(234)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,921</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">582</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">386</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(998)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks included in the line provisions or reversal of provisions, net of the statutory income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div> 594262000000 203857000000 204210000000 26516000000 977000000 7465000000 1037288000000 628026000000 129946000000 221321000000 59127000000 1392000000 1387000000 1041200000000 591287000000 211894000000 146065000000 26680000000 1002000000 7537000000 984466000000 726779000000 138999000000 149731000000 181509000000 1392000000 1387000000 1199798000000 616402000000 129909000000 137267000000 58051000000 1392000000 1387000000 944409000000 110377000000 9089000000 12464000000 123458000000 0 0 255389000000 598852000000 207107000000 178746000000 24478000000 1066000000 6911000000 1017160000000 618628000000 128975000000 198872000000 56663000000 1038000000 1430000000 1005605000000 600230000000 215164000000 130840000000 24643000000 1087000000 6997000000 978961000000 706505000000 137122000000 147492000000 161304000000 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5934000000 0 19225000000 255389000000 246897000000 246453000000 38410000000 137038000000 134856000000 45054000000 323425000000 230408000000 38304000000 81376000000 125403000000 49836000000 225759000000 236496000000 39143000000 139927000000 117511000000 44715000000 399999000000 230479000000 43186000000 85876000000 108246000000 61160000000 306389000000 222835000000 38304000000 81376000000 93545000000 41528000000 93609000000 7643000000 4882000000 4500000000 14702000000 19632000000 88620000000 40332000000 7684000000 6911000000 24905000000 1017160000000 93994000000 30181000000 11293000000 1430000000 19955000000 1005605000000 93785000000 41405000000 7938000000 6997000000 25285000000 978961000000 129881000000 43383000000 17047000000 1299000000 34204000000 1154759000000 81378000000 30060000000 11293000000 1299000000 19527000000 927533000000 48503000000 13324000000 5754000000 0 14677000000 227226000000 239214000000 245743000000 36864000000 132692000000 126843000000 47905000000 324099000000 233453000000 36366000000 69334000000 121782000000 53703000000 229803000000 235111000000 37658000000 135202000000 112671000000 48688000000 386810000000 231667000000 40618000000 72963000000 108062000000 62775000000 308745000000 224396000000 36366000000 69334000000 95697000000 45693000000 78065000000 7272000000 4252000000 3629000000 12364000000 17082000000 96399000000 42616000000 3767000000 6531000000 24892000000 1003465000000 110162000000 29578000000 6478000000 1508000000 16207000000 1002669000000 102583000000 43823000000 3878000000 6608000000 25164000000 981192000000 145044000000 40098000000 10288000000 1508000000 27670000000 1127503000000 90297000000 29337000000 6478000000 1508000000 16034000000 923884000000 54747000000 10761000000 3810000000 0 11636000000 203618000000 7305000000 5008000000 1346000000 4685000000 5888000000 4554000000 3022000000 369000000 506000000 804000000 1328000000 1454000000 841000000 -100000000 70000000 -39000000 547000000 427000000 720000000 -245000000 33000000 474000000 165000000 -130000000 11887000000 5032000000 1956000000 5925000000 7929000000 6305000000 4465000000 2937000000 544000000 2899000000 3890000000 2730000000 7423000000 2095000000 1412000000 3026000000 4039000000 3575000000 1142000000 177000000 -8000000 1363000000 2244000000 1239000000 -198000000 -124000000 -3000000 -266000000 -47000000 0 6083000000 1794000000 1417000000 1398000000 1748000000 2336000000 1811000000 486000000 405000000 322000000 207000000 627000000 4272000000 1307000000 1011000000 1076000000 1541000000 1709000000 0 0 0 0 0 0 4272000000 1307000000 1011000000 1076000000 1541000000 1709000000 0 0 2000000 304000000 0 4000000 4272000000 1307000000 1010000000 772000000 1541000000 1705000000 9380000000 1917000000 1727000000 -490000000 1080000000 42401000000 3193000000 582000000 788000000 -27000000 908000000 12928000000 -64000000 230000000 229000000 -82000000 296000000 2354000000 93000000 -15000000 -510000000 14000000 25000000 625000000 12602000000 2714000000 2235000000 -585000000 2309000000 58308000000 4957000000 919000000 978000000 417000000 1676000000 26410000000 7645000000 1795000000 1257000000 -1003000000 634000000 31898000000 4409000000 531000000 574000000 198000000 260000000 12128000000 -11000000 -32000000 -33000000 -75000000 -45000000 -834000000 3224000000 1232000000 650000000 -1275000000 328000000 18936000000 836000000 189000000 216000000 -190000000 29000000 4939000000 2388000000 1043000000 434000000 -1085000000 300000000 13997000000 0 0 0 0 0 0 2388000000 1043000000 434000000 -1085000000 300000000 13997000000 220000000 314000000 1000000 0 -1000000 845000000 2168000000 729000000 433000000 -1085000000 300000000 13152000000 50000000 50000000 7256000000 4950000000 1548000000 4361000000 5693000000 4631000000 2867000000 283000000 467000000 902000000 1152000000 1385000000 1100000000 -18000000 45000000 -24000000 371000000 396000000 358000000 -203000000 5000000 405000000 365000000 -133000000 11580000000 5011000000 2065000000 5644000000 7580000000 6278000000 4509000000 3050000000 574000000 2848000000 3965000000 2727000000 7071000000 1962000000 1492000000 2796000000 3615000000 3551000000 1259000000 64000000 11000000 1209000000 2507000000 1277000000 -372000000 -104000000 0 -456000000 -55000000 0 5440000000 1794000000 1481000000 1131000000 1053000000 2274000000 1678000000 488000000 478000000 255000000 -56000000 598000000 3763000000 1306000000 1003000000 876000000 1109000000 1676000000 0 0 0 0 0 0 3763000000 1306000000 1003000000 876000000 1109000000 1676000000 0 0 2000000 234000000 0 5000000 3762000000 1306000000 1001000000 642000000 1109000000 1671000000 10121000000 1822000000 2919000000 -308000000 832000000 43824000000 3414000000 551000000 602000000 -11000000 722000000 12335000000 -37000000 238000000 229000000 -408000000 326000000 2216000000 39000000 -18000000 -1263000000 47000000 9000000 -391000000 13536000000 2592000000 2487000000 -680000000 1889000000 57984000000 5219000000 942000000 1337000000 540000000 1643000000 27354000000 8318000000 1650000000 1150000000 -1220000000 246000000 30630000000 4487000000 497000000 284000000 -3000000 230000000 11822000000 0 -42000000 -39000000 -99000000 -263000000 -1431000000 3830000000 1111000000 827000000 -1317000000 -248000000 17377000000 1165000000 211000000 161000000 -162000000 37000000 4853000000 2665000000 899000000 666000000 -1155000000 -285000000 12524000000 0 0 0 0 0 0 2665000000 899000000 666000000 -1155000000 -285000000 12524000000 243000000 271000000 1000000 -1000000 -5000000 750000000 2422000000 629000000 665000000 -1154000000 -280000000 11774000000 47000000 47000000 6641000000 5152000000 1465000000 4193000000 5742000000 4408000000 2699000000 338000000 464000000 796000000 766000000 1374000000 688000000 29000000 33000000 117000000 294000000 211000000 -190000000 -162000000 -17000000 375000000 406000000 -94000000 9837000000 5358000000 1944000000 5481000000 7209000000 5899000000 4815000000 2928000000 567000000 2751000000 3707000000 2645000000 5022000000 2430000000 1378000000 2730000000 3502000000 3254000000 1522000000 247000000 77000000 792000000 2593000000 1135000000 -100000000 -75000000 14000000 82000000 -46000000 0 3399000000 2107000000 1314000000 2019000000 863000000 2119000000 1029000000 563000000 416000000 493000000 -69000000 541000000 2371000000 1545000000 898000000 1526000000 932000000 1577000000 0 0 0 0 0 0 2371000000 1545000000 898000000 1526000000 932000000 1577000000 0 0 2000000 327000000 0 17000000 2371000000 1545000000 896000000 1199000000 932000000 1560000000 9116000000 1383000000 1879000000 -41000000 780000000 40718000000 3462000000 572000000 396000000 -13000000 615000000 11468000000 483000000 320000000 341000000 -302000000 353000000 2566000000 43000000 11000000 -1071000000 -86000000 -26000000 -812000000 13104000000 2285000000 1544000000 -442000000 1721000000 53940000000 5430000000 953000000 831000000 460000000 1415000000 26501000000 7674000000 1332000000 713000000 -901000000 306000000 27439000000 4701000000 365000000 150000000 -2000000 203000000 11784000000 -62000000 -16000000 -58000000 -62000000 -25000000 -350000000 2911000000 951000000 505000000 -961000000 77000000 15305000000 776000000 135000000 117000000 36000000 75000000 4112000000 2135000000 816000000 388000000 -998000000 2000000 11193000000 0 0 0 0 0 0 2135000000 816000000 388000000 -998000000 2000000 11193000000 215000000 234000000 2000000 0 -7000000 791000000 1921000000 582000000 386000000 -998000000 9000000 10402000000 -38000000 -38000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The tables below reconcile the statutory basis results to the underlying results for each of the periods presented as required by IFRS 8. For the purposes of these reconciliations, all material reconciling items are separately identified and described.</span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander assets and liabilities for management reporting purposes do not differ from the statutory reported figures and therefore are not reconciled.</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,348</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42,401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,976 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(48)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,928 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,362 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,354 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,311</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,308</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,779)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,757)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs<br/></span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,532</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,653)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,596)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">467 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,128)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,255)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(834)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,681</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,723)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(210)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,939)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,958</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,542 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,542)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,500</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,529)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,997</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,399)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">580 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(845)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,101</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(949)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,152</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 50 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 50 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,787</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">43,824</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,376 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,335 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,216 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(331)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(391)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58,043</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(59)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">57,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,215)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25,135)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,828</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2,219)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,183)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,822)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,867 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,431)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,347</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,377</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,844)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,853)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,503</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,241 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,241)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,744</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,220)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,524</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,170)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(750)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,574</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(800)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,774</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes an addition of EUR 47 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:27pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except for an addition of EUR 47 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:53.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Reconciliation of statutory results to underlying results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Statutory results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjustments related to the Poland disposal</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Underlying results</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net interest income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,650</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">68</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">40,718</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net fee income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,495 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,468 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains (losses) on financial transactions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,565 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,566 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(759)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(812)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total income </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,951</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(11)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">53,940</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Administrative expenses, depreciation and amortisation </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,684)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(24,615)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other operating costs</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net operating income</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29,267</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">58</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,886)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">27,439</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">E</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12,260)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">474 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,784)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other gains (losses) and provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">F</span></div></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,002)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,651 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(350)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Operating profit/(loss) before tax </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,005</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">61</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">239</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax on profit </span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,880)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(213)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,112)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Adjusted profit for the year from continuing operations</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,125</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">42</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit from discontinued operations (net)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,058 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,058)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated profit/(loss)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,183</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,016)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,193</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,107)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">342 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(26)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(791)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Attributable profit/(loss) to the parent</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,076</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(674)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,402</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Net interest income includes the net amount of the profit and loss account items 'Interest income' and 'Interest expense'. It is presented this way because it is how it is presented to the main operational decision maker.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Gains (losses) on financial transactions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Gain or losses on financial assets and liabilities not measured at fair value through profit or loss, net, Gain or losses on financial assets and liabilities held for trading, net, Gains or losses on non-trading financial assets and liabilities mandatorily at fair value through profit or loss, net, Gain or losses on financial assets and liabilities measured at fair value through profit or loss, net, Gain or losses from hedge accounting, net and Exchange differences, net.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Other operating income includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Dividend income; Income from companies accounted for using the equity method, Other operating income, Other operating expenses, Income from assets under insurance or reinsurance contracts and Expenses from liabilities under insurance or reinsurance contracts. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:0.75pt">Net Operating Income is used for the Group’s internal reporting and management reporting purposes but is not a line item in the statutory consolidated income statement.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.65pt">Net loan-loss provisions refers to Impairment or reversal of impairment at financial assets not measured at fair value through profit or loss and net gains and losses from changes line item in the statutory income statement. Additionally, includes a release of EUR 38 million mainly corresponding to the results by commitments and contingent risks includes in the line of the statutory income statement of provisions or reversal of provisions.</span></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.85pt">Other gains (losses) and provisions includes the following line items in the statutory income statement, which are presented net for internal reporting and management reporting purposes: Provisions or reversal of provisions except a release of EUR 38 million mainly corresponding to results from commitments and contingent risks; Impairment of investments in joint ventures and associates, net; Impairment on non-financial assets, net; Gains or losses on non-financial assets, net; Negative goodwill recognized in results and Gains or losses on non-current assets held for sale not classified as discontinued operations.</span></div> 42348000000 53000000 0 42401000000 12976000000 -48000000 0 12928000000 2362000000 -8000000 0 2354000000 625000000 0 0 625000000 58311000000 -3000000 0 58308000000 24779000000 -22000000 0 24757000000 0 0 1653000000 1653000000 33532000000 19000000 -1653000000 31898000000 12596000000 -1000000 -467000000 12128000000 -2255000000 -1000000 1422000000 -834000000 18681000000 19000000 236000000 18936000000 4723000000 6000000 210000000 4939000000 13958000000 13000000 26000000 13997000000 1542000000 -1542000000 0 0 15500000000 -1529000000 26000000 13997000000 1399000000 -580000000 26000000 845000000 14101000000 -949000000 0 13152000000 50000000 50000000 620000000 214000000 231000000 0.305 467000000 231000000 43787000000 37000000 43824000000 12376000000 -41000000 12335000000 2211000000 5000000 2216000000 -331000000 -60000000 -391000000 58043000000 -59000000 0 57984000000 25215000000 -80000000 0 25135000000 0 0 -2219000000 -2219000000 32828000000 21000000 -2219000000 30630000000 12183000000 -9000000 -352000000 11822000000 -3298000000 0 1867000000 -1431000000 17347000000 30000000 0 17377000000 4844000000 9000000 0 4853000000 12503000000 21000000 0 12524000000 1241000000 -1241000000 0 0 13744000000 -1220000000 0 12524000000 1170000000 -420000000 0 750000000 12574000000 -800000000 0 11774000000 47000000 47000000 835000000 353000000 -243000000 352000000 174000000 40650000000 68000000 0 40718000000 11495000000 -27000000 0 11468000000 2565000000 1000000 0 2566000000 -759000000 -53000000 0 -812000000 53951000000 -11000000 0 53940000000 24684000000 -69000000 0 24615000000 0 0 1886000000 1886000000 29267000000 58000000 -1886000000 27439000000 12260000000 -2000000 -474000000 11784000000 -2002000000 1000000 1651000000 -350000000 15005000000 61000000 239000000 15305000000 3880000000 19000000 213000000 4112000000 11125000000 42000000 26000000 11193000000 1058000000 -1058000000 0 0 12183000000 -1016000000 26000000 11193000000 1107000000 -342000000 26000000 791000000 11076000000 -674000000 0 10402000000 -38000000 -38000000 385000000 235000000 -474000000 -213000000 -26000000 270000000 Related parties<div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The parties related to the Group are deemed to include, in addition to its associates and joint ventures, the Bank's key management personnel (the members of its board of directors and the senior management, together with their close family members) and the entities over which the key management personnel may exercise significant influence or control. </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's senior management, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,835 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,386 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,810 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,776</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,535 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,905 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining required information is detailed in notes 5 and 46.c.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div> <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following below is the balance sheet balances and amounts of the Group's income statement corresponding to operations with the parties related to it, distinguishing between associates and joint ventures, members of the Bank's board of directors, the Bank's senior management, and other related parties. Related-party transactions were made on terms equivalent to those that prevail in arm's-length transactions or, when this was not the case, the related compensation in kind was recognized.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,835 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">160 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,978</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">376</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">191 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,724</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(119)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(53)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,546 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(91)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,732</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,386 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,783</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">226</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">407 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,750 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">221 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">229 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">234 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">228 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,810 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">292 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,776</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">508 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(153)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,535 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(103)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">317 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,377 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">132 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:33.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.198%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Associates and joint ventures</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Members of the board of directors</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Senior Management</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other related parties</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 7.75pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">186</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: credit institutions</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">405 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">391 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: credit institutions</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">463 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities: customers</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,727 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Marketable debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income statement</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">427 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(149)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains/losses on financial assets and liabilities and others</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,499 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commission expense</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(122)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,189</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,094</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial guarantees granted and Others</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loan commitments and Other commitments granted</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Derivative financial instruments</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,905 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">224 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 10491000000 0 18000000 295000000 2000000 0 0 0 286000000 0 0 0 9835000000 0 18000000 274000000 160000000 0 0 2000000 208000000 0 0 19000000 2978000000 10000000 5000000 376000000 26000000 0 0 0 2761000000 10000000 5000000 376000000 0 0 0 0 191000000 0 0 0 1724000000 0 0 7000000 441000000 0 0 8000000 119000000 0 0 4000000 -53000000 0 0 0 1546000000 0 0 4000000 91000000 0 0 1000000 3732000000 4000000 3000000 189000000 11000000 3000000 2000000 61000000 335000000 1000000 1000000 38000000 3386000000 0 0 90000000 10783000000 0 14000000 226000000 163000000 0 0 0 407000000 0 0 0 9750000000 0 14000000 221000000 229000000 0 0 5000000 234000000 0 0 0 3243000000 9000000 7000000 292000000 228000000 0 0 0 2810000000 9000000 7000000 292000000 0 0 0 0 205000000 0 0 0 1776000000 0 0 4000000 508000000 0 0 9000000 153000000 0 0 5000000 -11000000 0 0 0 1535000000 0 0 1000000 103000000 0 0 1000000 4712000000 4000000 3000000 216000000 18000000 3000000 2000000 64000000 317000000 1000000 1000000 20000000 4377000000 0 0 132000000 10497000000 0 12000000 186000000 154000000 0 0 0 405000000 0 0 0 9275000000 0 12000000 185000000 391000000 0 0 1000000 272000000 0 0 0 2480000000 14000000 5000000 150000000 463000000 0 0 0 1727000000 14000000 5000000 150000000 0 0 0 0 290000000 0 0 0 1698000000 0 0 11000000 427000000 0 0 9000000 149000000 0 0 1000000 43000000 0 0 0 1499000000 0 0 3000000 122000000 0 0 0 4189000000 3000000 2000000 1094000000 10000000 2000000 1000000 861000000 274000000 1000000 1000000 9000000 3905000000 0 0 224000000 Risk management<div style="margin-bottom:6pt;margin-top:9pt"><span id="i36396c5466634785a71f37cdc8e94645"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">a) Risk principles and culture</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The principles on which Grupo Santander's risk management and control are based are detailed below. They take into account regulatory requirements, best market practices and are mandatory:</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">All employees are responsible for risk management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. They must understand the risks arising from their activities and take ownership for managing them.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Senior management involvement.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Through conduct, actions and communications, senior management promotes consistent risk management, fosters our risk culture, and oversees that the risk profile remains within the appetite set.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">3.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Independence:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> Risk management and control functions operate independently according to our three-lines-of-defence model, with clearly defined roles and responsibilities.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">4.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Holistic, forward-looking approach: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We take a comprehensive approach to risk management and control that extends to all businesses and risk types that could have a material impact. This approach is forward-looking and considers trends across several time horizons and scenarios.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">5.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:4.44pt">Corporate oversight of subsidiaries: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Banco Santander sets minimum risk management and control standards through reference documents. Subsidiaries are responsible for translating these standards into their own internal policies and procedures.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i6aa0e996fc8a4c11b89643a359af06f1"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Key risk types</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's risks categorization allows effective risk management, control and reporting, and includes, among others the following risk types:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Credit risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk of loss arising from the failure of a customer or counterparty to meet its obligations to which the Santander Group has provided financing or entered into a contractual commitment, or from the deterioration of their credit quality.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Market risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk incurred as a result of the effect of changes in market factors interest rates, exchange rates, equities and commodities, among others, may have on profits or capital.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Liquidity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk incurred because of adverse movements in the factors that determine the market value of financial instruments, such as interest rates, exchange rates, equity prices and commodities, among others.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Structural Risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the risk of changes in the value or margin generation of the assets or liabilities in the banking book resulting from changes in market and behavioural factors. It also includes risks associated with insurance and pension activities, as well as the risk of not having an adequate amount or quality of capital to meet internal business objectives, regulatory requirements, or market expectations.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Capital risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, included within the scope of structural risk, is the risk that arises from the possibility of having an inadequate quantity or quality of capital to meet internal business objectives, regulatory requirements or market expectations.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander also takes into account, on an ongoing basis in its risk management, operational (includes fraud, technological, cyber, legal and conduct risks), financial crime (includes, among others, money laundering, terrorism financing, violation of international sanctions, corruption, bribery and tax evasion), model, reputational and strategic risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These risks may be affected by a range of factors that we identify and assess in line with regulatory requirements and industry practice, including: geopolitical developments (international conflicts, economic and monetary decisions, new regulations or trade tensions); digital and transformation initiatives linked to technological change or shifts in business models; and sustainability factors — environmental (natural and climate-related, including extreme events and resource scarcity, as well as those arising from the transition to a more sustainable economy), social (relating to people’s rights, welfare and interests) and governance, both within Grupo Santander and among our counterparties.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In particular, from an environmental and climate perspective, the relevant elements cover, on the one hand, those stemming from the physical effects of climate change and, on the other, those linked to the transition towards a more sustainable economy, including legislative and regulatory, technological or behavioural changes among economic agents.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Given the nature of its operations, the Group has no environment-related liabilities, expenses, assets or contingencies that may be material to its consolidated equity, financial situation and results.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">According to market consensus and our materiality assessment, exposure in the sectors where environmental factors may have the most impact mainly relate to wholesale customers. Our management of these customers considers environmental aspects in the preliminary assessment, credit origination and the preparation and review of their credit ratings, which influence the parameters we use to calculate their probability of default (PD). Thus, we embed the most material climate factors in our assessments and in capital loss and provisions calculations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Moreover, to cover and anticipate potential future losses from severe climate events, such as the Valencia DANA or Hurricane Milton in Florida, we have set overlays whose amount to date has not been material to the Group's total loan loss reserves.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has enhanced its methodological framework to quantify and assess transition and physical risks in credit losses for climate impacts that are not specifically captured through the forward-looking component implemented under the IFRS 9 framework. We assess these risks under several scenarios published by the NGFS, which explore varying assumptions on shifts in climate policies, emissions, temperatures and physical risk impacts. We take a proportionality approach by assessing the impact on the Group’s core markets and portfolios, especially non-financial entities and mortgage products.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding impact on companies’ credit quality, the model assesses the transmission of customers’ physical and transition climate risk through defined channels (sector GVA, GHG emissions, carbon price, regional GDP, or collateral valuations).</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For mortgage products, climate risk appears mainly through a deterioration in collateral values, as reflected in the loan-to-value ratio, which is the main transmission channel into LGD.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These methodologies enable us to embed potential climate-event impacts on credit losses in credit risk management. Against this backdrop, we carried out both internal capital self-assessment exercises and regulatory stress tests.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In light of the above and based on the best information available at the date of these consolidated annual financial statements, we also assessed the potential additional impact of climate and environmental risks on the Group’s equity, financial situation and results in 2025. We did not identify any significant or material impacts.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifd90ac4ea8ad4ff198eaef3f702f39ad"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Risk and compliance governance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander robust risk and compliance governance structure allows us to conduct effective oversight in line with our risk appetite. It stands on three lines of defence, a structure of committees and strong Group-subsidiary relations, guided by our risk culture, Risk Pro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8e80995fea564f86ba6f14926c5b44d8"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.1 Lines of defence</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander model of three lines of defence effectively manages and controls risks:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">First line</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">: formed business functions, as well as all other functions that generate risk, constitute the first line of defence. They must establish an appropriate environment to manage all risks associated with the business and support compliance with internal policies and regulation. Risk management must operate within the approved risk appetite and associated limits. The first line executes mitigation plans for risks where weaknesses are identified in its control environment.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Second line: </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">formed by the risk and compliance functions, independently oversees and challenges the risk management activities that the first line carries out. Its role is to help verify that we manage risks in line with the established risk appetite and to promote a strong risk culture across the organization.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Third line:</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> formed by Internal Audit is a permanent function, independent of any other functions or units, whose objective is to provide the Management Body and the senior management with independent assurance on the quality and effectiveness of internal control, risk management (current or emerging) and governance processes and systems, thereby helping to protect the company’s value, solvency, and reputation. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk, Compliance and Internal Audit are sufficiently separate and autonomous functions, with direct access to the board and its committees. The risk and compliance functions report to the risk supervision, regulation and compliance committee and the internal audit function reports to the audit committee.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="i027908e8446c4136afd687a36b6895b2"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.2 Risk committee structure</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%"> board of directors </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">has final oversight of risk and compliance management and control to promote a sound risk culture and review and approve risk appetite and frameworks, with support from its risk, regulation and compliance committee (RSRCC) and its executive committee. The Group's risk governance keeps risk control and risk-taking areas separate.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our governance structure also includes key roles and executive committees that strengthen oversight and support the effective performance of the control function.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Group chief risk officer (CRO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">, who </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">leads the application and execution of </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">risk strategy and promotes proper risk culture, is in charge of overseeing all risks and challenging and advising business lines on risk management.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">Group chief compliance officer (CCO)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%">leads the application and execution of</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> the compliance and conduct risk strategy and reports the status of risks being monitored in order to provide the Chief Risk Officer with a comprehensive view of all risks. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The CRO and the CCO report directly to both the risk supervision, regulation and compliance committee and the board of directors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The executive risk, risk control and compliance and conduct committees are executive committees with powers delegated from the board.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Furthermore, the executive-level committees delegate part of their responsibilities to forums and/or standing meetings to manage and control each risk type.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Their responsibilities include: </span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inform the CRO, the CCO, the risk control committee and the compliance and conduct committee if risks are being managed within risk appetite;</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Conduct regular follow-ups for each key risk type; and</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Overseeing the measures adopted to meet supervisor's and auditor's expectations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Besides, Grupo Santander, in order to establish an adequate control environment for the management of each risk types, the risk and compliance functions have effective internal regulation to create the right environment to manage and control all risks.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander may introduce additional governance measures for special situations to reinforce the monitoring of all risks, with particular focus on trends in key macroeconomic indicators and liquidity, the identification of vulnerable sectors/customers, and the strengthening of cybersecurity, among other aspects. Activating these special-situations forums helps the Group address the effects of the geopolitical and macroeconomic environment with resilience.</span></div></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1a9f6f6c616b4d0bb3c93691f8120cb3"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">2.3 The Group's relationship with subsidiaries</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander subsidiaries’ risk and compliance management and control model is consistent with the frameworks approved by the Group board of directors. Subsidiaries adhere to the frameworks through their own boards and can only adapt to higher standards according to local law and regulation.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As part of Santander's aggregated risk oversight, we challenge and review subsidiaries’ internal regulations and activities. This enables us to maintain a common risk management and control model across the Group.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The risk and compliance functions support the businesses and oversee risks at both global and local levels. In addition, over the year we continued to strengthen the Group–subsidiary relationship model, leveraging our global scale to identify synergies under a common operating model and shared platforms. The model promotes process simplification and the reinforcement of control mechanisms to support the growth of our businesses.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander's Group–subsidiary governance model (GSGM) sets out the principles that govern the relationship between Group key roles and the subsidiaries, which helps safeguard the independence of local second lines. The CRO and CCO take part in the appointment, objectives, performance reviews and remuneration of their local counterparts, which helps confirm that they are controlling risks appropriately.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">We continue to strengthen the relationship between the Group and its subsidiaries through close cooperation among our subsidiaries to develop common initiatives more efficiently, such as:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Transformation of organizational structures, sharing benchmarks across countries and contributing to the function’s strategic vision to promote the rollout of more advanced risk-management infrastructures and practices.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Exchange of best practices to strengthen processes and drive innovation. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Promotion of internal talent and mobility, both geographic and functional, as well as fostering diversity within teams to reflect the diversity of the environments in which we operate.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Developing our risk professionals, improving innovation, the quality of decisions, and fostering a global mindset is key to enhance organizational resilience and reinforcing a global mindset.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The GSGM model also applies to the Group’s global businesses. This gives us a global-local organization in which countries ultimately remain responsible for delivering the budget, the business and customer strategy, and financial management, while the global businesses lead shared initiatives through common operating models and shared technologies, improving local performance.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iac199c2b64994ce38dc612b3e57cfab5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Management processes and tools</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander has these effective risk management processes and tools:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="icd4c3d35dae349b688a271f8c8bd3668"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1 Risk appetite and structure of limits</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk appetite is the aggregate level and types of risk that Grupo Santander deems prudent for our business strategy, even in unforeseen circumstances. Risk appetite is governed throughout the Group by the following principles:</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Risk appetite is part of the board's duties</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. The board prepares the risk appetite statement (RAS) for the whole Group every year. Through a cascading-down process, each subsidiary's board also sets its own risk appetite.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Comprehensiveness and forward-looking approach</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Our appetite includes all material risks to which we are exposed and defines our target risk profile for the current and medium term, with a forward-looking view that considers stress scenarios. </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Common standards embedded in the day-to-day risk management</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. The Group shares the same risk appetite model, which sets common requirements for processes, metrics, governance bodies, controls and standards. This facilitates effective and traceable embedding of risk appetite into more granular management policies and limits across our subsidiaries..</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Continuous monitoring and adaptation</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Risk appetite is regularly monitored, reviewed and updated to reflect changes in market conditions, regulatory requirements and supervisory expectations. Compliance with risk appetite limits is monitored on a regular basis through dedicated reporting to senior management and the board and its committees. Breaches or potential breaches are subject to predefined escalation, remediation and follow-up processes, with oversight proportionate to their materiality through senior management and the Group’s governing bodies.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Alignment with strategy and business plans</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">. Before approving the three-year strategic plans, annual budget, and capital and liquidity plans, the Group verifies their consistency with the limits set in the Risk Appetite Statement. We promote the alignment of strategic and business plans with our risk appetite by:</span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">considering the risk appetite, long-term strategic view and the risk culture when drafting strategic and business plans. </span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">challenging business and strategic plans against the risk appetite. Misalignments trigger a review of either the three-year strategic plan (to make sure we stay within RAS limits) or risk appetite limits, with independent governance. </span></div><div style="margin-bottom:6pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">continuous monitoring of risk appetite compliance through the three lines of defence model.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The main elements underpinning Grupo Santander’s risk appetite and defining our business model are: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">a medium-low, predictable target risk profile, customer focus, internationally diversified operations and a </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">significant</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> market share;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">stable, recurrent earnings and shareholder remuneration, sustained by a sound base of capital, liquidity and sources of funding;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">autonomous subsidiaries that are self-sufficient in terms of capital and liquidity to safeguard their risk profiles against compromising the Group’s profile;</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">an independent risk function and a senior management actively engaged in supporting a robust control environment and risk culture; and </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">a conduct model that protects our customers and our Simple, Personal and Fair culture. </span></div></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The risk appetite is expressed through qualitative statements and limits on metrics representative of the bank’s risk profile at present and under stress. Those metrics cover all risk types according to our corporate risk framework. Grupo Santander articulates them in five axes that provide the Bank with a holistic view of all risks it incurs in the development of its business model. These five axes are applicable to all Santander's key risk types, and comprise:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">P&amp;L volatility: control of P&amp;L volatility of business plan under baseline and stressed conditions (under normal and stressed conditions).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Solvency: control of capital ratios under baseline and stressed scenarios (aligned with ICAAP).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Liquidity: control of liquidity ratios under base and stress scenarios (aligned with ILAAP).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Concentration: control of credit concentration on top clients, portfolios and industries.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Non financial risk and control environment: robust control on non financial risks aimed to minimize events which could lead to financial loss, operative, technological, legal and regulatory breaches, conduct issues or reputational damage.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="id766f938a14f4270b9068f26db32501a"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">b) Credit risk</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4fdb90cfbf3f443c98ea211c1c932050"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Introduction to the credit risk treatment</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander takes a holistic view of the credit risk cycle, including the transaction, the customer and the portfolio, in order to identify, analyse, control and decide on credit risk. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk identification facilitates active and effective portfolio management and control. Grupo Santander identify and classify external and internal risk in each business to adopt any corrective or mitigating measures through:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iaa71911e3bec4f028d6a22af53387191"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">1.1. Planning</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Planning allows to set business objectives and define concrete action plans, integrating the risk appetite statement into portfolio management.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Strategic commercial plans (SCPs) are the management and control tool that the Business and Risk areas define for credit portfolios, with support from the other functions involved (Finance, Management Control, among others). They set out the commercial strategy, risk policies, and the resources and infrastructure required, providing a holistic view of portfolio management. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They also provide an up-to-date view of portfolio credit quality, enable risk measurement, support the execution of internal controls over the defined strategy, allow for periodic monitoring, and help detect material deviations or potential impacts, facilitating the adoption of corrective measures when necessary. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">SCPs are aligned with subsidiaries’ risk appetite and capital objectives, as well as those of the Group, and are approved and overseen by local senior management before being reviewed and ratified at Group level. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iffbad9af171b488abb49a4e3ba8500bd"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.2. Risk assessment and credit rating</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk approval criteria focus on borrowers’ ability to meet their financial obligations. The assessment uses statistical models and an analysis of the net funds or cash flows generated by economic activity, or of regular income, to determine customers’ repayment capacity in a consistent and sustainable manner.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Some statistical credit quality assessment models feed into decision engines to deliver a credit risk assessment quickly and in a consistent, standardised way. These engines support faster and more uniform decision-making, reduce manual errors, apply the same assessment criteria to all customers, and provide traceability and support regulatory compliance. These ratings have multiple uses in risk management, including the origination process (application of limits and pre-approvals), risk monitoring, and as an input to transaction pricing.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">These credit rating models may be: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Rating: from mathematical algorithms that have a quantitative model based on balance sheet ratios or macroeconomic variables or behavioural information, and a qualitative module supplemented by the credit analyst’s expert judgement. It is used for large corporates, corporates, institutional and SME segments (with individualised treatment).</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Scoring: an automated system that assesses credit applications based on the information provided (admission scoring) or customers’ credit profiles based on their relationship with the institution (behavioural scoring). Both are complemented by other available information (for example, from external databases). The system automatically assigns each customer an individual score, which then supports the subsequent decision. It is used for individuals and small businesses with no assigned analyst.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group’s parameter estimation models rely on econometric models built on historical default and loss data from the portfolios. The Group uses them to calculate economic and regulatory capital, and IFRS 9 provisions, at operation, customer and portfolio level.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A rigorous governance framework covers the ongoing monitoring and continuous calibration of these models to assess their suitability, predictive power, performance and granularity, as well as compliance with credit policies.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group reviews ratings using the latest available financial information and other relevant data.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander´s limits, pre-classifications and pre-approvals processes determine the level of risk the Group can take on with each customer. Automated processes approve and monitor these decisions. Approved limits must align with expected profitability. To support this, we use profitability estimation and risk-based pricing tools that contribute to sustainable portfolio growth.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies various limits models to each segment: </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Large corporate groups are subject to a pre-classification model based on a system for measuring and monitoring economic capital. Pre-classification models express the level of risk Grupo Santander is willing to assume in transactions with customers/groups.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the corporate segment, for customers that meet certain predefined criteria (including internal rating and profitability), the Group applies a pre-classification model for the main products related to the customer’s recurring business. The model operates through the setting of internal nominal limits, which define the level of risk to take on with each customer based, among other factors, on their repayment capacity and leverage.</span></div><div style="margin-bottom:6pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Corporate transactions that exceed certain limits or have specific features must be handled through the approval process for an ad hoc proposal.</span></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">For individual customers and SMEs with low turnover, Grupo Santander manages large volumes of credit transactions using automated decision models that assess each case and assign a limit per customer and transaction.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i98b2a4da58cd469cbc04c81f14d69c87"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.3. Scenario analysis</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander´s scenario analyses determine the potential risks in its credit portfolios and provide a better understanding of our portfolios' performance under various macroeconomic conditions. They allow us to anticipate management strategies that will avoid future deviations from defined plans and targets. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">They simulate the impact of alternative scenarios in portfolios’ credit parameters (PD, LGD) and expected credit losses. Grupo Santander compares findings with portfolios’ credit profile indicators to find the right measures for managers to take. Credit risk management of portfolios and SCPs incorporate scenario analyses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id82425119f31462ebca2bf35d156a3e7"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.4. Monitoring</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regular, holistic monitoring of customers and portfolios is an essential element of the Group’s credit risk management, as it enables continuous monitoring of credit quality, early identification of potential impairment and analysis of business performance against predefined plans and objectives. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The monitoring process systematically analyses changes in credit exposures, customers’ financial and qualitative characteristics, and any relevant changes in their risk classification. This preventive approach draws on transactional information, behavioural indicators and advanced analytics tools, including early-warning engines, which support early identification of potential deterioration and the implementation of specific actions at both customer and portfolio level, based on the assigned monitoring level. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Monitoring adapts to customer segmentation and the applicable management approach:</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">in the large corporate segment, monitoring is carried out jointly by the commercial managers and the risk analysts, which provides an up-to-date, comprehensive view of the customer’s credit quality at all times and supports the early identification of any potential deterioration.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In the commercial banking, institutions and SMEs with an assigned a credit analyst, he teams carry out enhanced monitoring of customers whose risk profile or specific circumstances require it. This includes the periodic review of their internal ratings based on relevant financial, behavioural and environmental indicators.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Monitoring of individual customers, businesses and smaller SMEs follows a system of automatic alerts to detect shifts in portfolios’ performance.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group structures this process for customers with an assigned analyst through the SCAN (Santander Customer Assessment Note) monitoring framework. SCAN assigns a specific monitoring level to each customer, sets the related operating policies, defines concrete management actions, identifies accountable owners and establishes a review frequency aligned with the customer’s risk profile and relevance.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group has aggregated control and analysis procedures that track portfolio performance, identify material deviations from strategic plans or defined alert thresholds, and help prioritise management focus areas. The process is complemented by contingency plans (risk playbooks), which support the early identification and management of impacts from external factors — such as macroeconomic, sector or market changes — and, where appropriate, trigger corrective measures, including adjustments to risk policies.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i113084d14689436889f8b001443c9f7c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">1.5. Credit risk mitigation techniques</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Risk approval criteria generally focus on borrowers’ ability to meet their financial obligations, without prejudice to any collateral that the Bank may require. Collateral and guarantees provided by the obligor in favour of the Bank aim to modulate the level of exposure.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine ability to pay, the Group analyses funds or cash flows from businesses or other regular income, not including guarantors or loan collateral which are always considered at credit approval as a secondary means of recourse.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">A guarantee is an additional protection mechanism in a credit transaction, intended to mitigate loss in the event of a failure to meet the payment obligation. The Group applies different credit risk mitigation techniques depending, among other factors, on the customer and product type. Some are specific to an individual transaction (e.g., real estate guarantees), while others apply to a set of transactions (e.g., derivatives netting or collateral arrangements). These techniques may be grouped into personal guarantees, real guarantees and hedges using credit derivatives.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The correct acceptance of these mitigation techniques is established by verifying their legal enforceability in all jurisdictions. The entire process is subject to internal control and effective monitoring of the valuation of the guarantees, especially real estate guarantees.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:8.5pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i948ee16805434bda86d8d70395f5057c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">1.6. Collections &amp; recoveries management</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Recovery activity is a relevant function within Grupo Santander’s risk management and control framework, as it contributes to portfolio quality as one of the key pillars supporting the Bank’s development, growth and business sustainability. Collections and debt recovery management is a specific, ongoing focus to keep portfolio quality within the expected levels.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Collections and Recoveries area defines a global management strategy, based on an end-to-end approach and general lines of action for subsidiaries. Recovery management operates under policies and an independent control environment defined by the risk function, aligned with regulatory requirements and with the Group Santander conduct risk management model. The Group carries out this activity in line with strategies defined by the recovery function, in coordination with the Risk areas. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The recovery strategy combines advanced customer segmentation and the intensive use of digital tools. This supports the optimisation of mass portfolio management and provides tailored support for customers who require individual treatment. The customer remains the focus, and recovery strategies are defined in the context of the relationship with the customer, prioritising the customer’s viability. As a result, teams manage the customer holistically across all phases of the cycle.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The function’s approach covers the entire credit cycle, prioritising solutions that support customer viability. Even after the asset is written off (failed risk), the Group continues to carry out the necessary actions to maximise recovery. The failed risk category includes debt instruments, whether past due or not, for which, following an individual assessment, recovery is considered remote due to a significant and irreversible deterioration in the solvency of the exposure or the holder. Classification in this category entails the full or partial cancellation of the exposure’s gross carrying amount and its derecognition from the balance sheet, without implying that the Group stops negotiations and legal proceedings to recover the amount. </span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-right:263.62pt"><span id="i284cd3ed0ae54e2589274ec993d73c15_15110"></span><span id="i0d5e3a72bdc34bc19426843ac2a135f2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">2. Main aggregates and variations </span></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below are the main aggregates relating to credit risk from our activities with customers:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.649%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from activity with customers</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers <br/>(EUR million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit impaired</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(EUR million)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%)</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,156</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,162</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">280,629</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,915</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,677</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,531</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.94</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.66</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248,061</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247,360</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,299</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.08</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.33</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,760</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,573</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,455</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.27</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.41</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,039</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,312</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,608</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,642</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,527</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,877</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,907</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,894</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,012</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.82</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.68</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,476</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,927</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,785</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,420</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.65</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.71</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,546</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116,247</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,722</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,090</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,923</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.76</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.25</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,146</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,590</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,565</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,394</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.73</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,411</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,903</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.68</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.06</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,340</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,256</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,206</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">327</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">360</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.50</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.89</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.67</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,159,180</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134,418</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,115,288</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,739</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,383</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,671</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.91</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.11</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr></table></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:18.632%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.662%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL coverage ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%) </span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><br/>(EUR million)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost of risk <br/>(%/risk)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,142</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,259</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,522</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.43</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.50</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.61</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.10</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.02)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.19</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">792</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.97</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.88</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.62</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,244</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,507</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,593</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.62</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.82</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.92</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,239</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,135</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.69</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.43</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,409</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,487</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,701</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.17</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.27</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">531</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.32</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.19</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.80</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.34</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.59</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.64</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.79</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.04)</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,128</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,822</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,784</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.14</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.12</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.13</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Data for 2025, 2024 and 2023 reflect the new reporting structure. Management perimeter according to the reported segments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Includes gross loans and advances to customers, guarantees. impaired undrawn customer balances and debt securities issued by non-financial institutions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Loan-loss provisions net of post write-off recoveries (EUR 1,791 million in 2025).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Provisions to cover losses due to impairment of loans in the last 12 months / average customer loans and advances of the last 12 months.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="ide68f831fdee49e3a7eab1e410904c37"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The calculation of provisions for credit risk losses is performed at financial asset level, estimating potential credit losses through the difference between the contractual cash flows and the expected cash flows, ensuring that the results are adequate considering the status of the transaction, economic conditions and available forward-looking information.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The IFRS 9 impairment model applies to financial assets valued at amortized cost; debt instruments valued at fair value with changes in other comprehensive income; leasing receivables; and commitments and guarantees not valued at fair value. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The portfolio of financial instruments subject to IFRS 9 has three credit risk categories (or stages) according to the status of each instrument in relation to its level of credit risk:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 1: financial instruments with no significant increase in risk since initial recognition – the impairment provision reflects expected credit losses from defaults over the 12 months from the reporting date.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 2: financial instruments with a significant credit risk increase since initial recognition but no materialized impairment event – the impairment provision reflects expected losses from defaults over the financial instrument’s residual life.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stage 3: financial instruments with true signs of impairment as a result of one or more events resulting in a loss – the impairment provision reflects expected losses for credit risk over the instrument’s expected residual life.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The classification of financial instrument in the IFRS 9 stages is carried out in accordance with the guidelines through the risk management policies of the subsidiaries, which are consistent with the Group's policies.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i284cd3ed0ae54e2589274ec993d73c15_15027"></span><span id="i014605f5baa74f9f92a301850479cca7"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Estimation of expected loss</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group uses parameters (mainly EAD, PD, LGD and the discount rate) to calculate impairment provisions. These parameters build on the infrastructure of internal models used to calculate regulatory capital and on regulatory and management expertise, and they also reflect each financial asset’s stage classification.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">However, these parameters are not a simple adaptation of existing models. We designed and validated them specifically in line with IFRS 9 requirements and guidance from bodies such as the EBA, , National Competent Authority (NCA), Bank for International Settlements (BIS) or Global Public Policy Committee (GPPC). Their development incorporates forward-looking information, a point-in-time (PIT) approach, multiple scenarios and lifetime loss estimation through lifetime PD, among other elements.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ide68c6fd0f4644508a90fc733f6dc5a9"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Determination of significant increase in credit risk (SICR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine classification in Stage 2, the Group assesses whether a SICR has occurred since the initial recognition of the exposures. The Group performs this assessment under common principles applicable across the Group, reviewing all financial instruments subject to this analysis and taking into account the specific features of each portfolio and product type through a range of quantitative and qualitative indicators.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Expert judgement from analysts supports the SICR assessment. Analysts set the thresholds within an integrated management framework and in line with the approved corporate governance. The principles are as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Universality: all financial instruments subject to a credit rating must be assessed for their possible SICR.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Proportionality: the definition of the SICR must take into account the particularities of each portfolio.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Materiality: its implementation must be also consistent with the relevance of each portfolio so as not to incur in unnecessary costs or efforts.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Holistic vision: the approach selected must be a combination of the most relevant credit risk aspects (e.g. quantitative and qualitative).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Application of IFRS 9: the approach must take into consideration IFRS 9 characteristics, focusing on a comparison with credit risk at initial recognition, as well as considering forward-looking information.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Risk management integration: the criteria must be consistent with those metrics considered in the day-to-day risk management.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Documentation: appropriate documentation must be prepared.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The techniques are summarised below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Stability of stage 2: in the absence of significant changes in the portfolios credit quality, the volume of assets in stage 2 should maintain a certain stability as a whole.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Economic reasonableness: at transaction level, stage 2 is expected to be a transitional rating for exposures that could eventually move to a deteriorating credit status at some point or stage 3, as well as for exposures that have suffered credit deterioration and whose credit quality is improving and returns to stage 1.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Predictive power: it is expected that the SICR definition avoids, as far as possible, direct migrations from stage 1 to stage 3 without having been previously classified in stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Time in stage 2: it is expected that the exposures do not remain categorized as stage 2 for an excessive time.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The application of the aforementioned techniques, conclude in the setting of one or several thresholds for each portfolio in each geography. Likewise, these thresholds are subject to a regular review by means of calibration tests, which may entail updating the thresholds types or their values.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Identifying a significant increase in credit risk: when classifying financial instruments under stage 2, Santander considers:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Quantitative criteria: Grupo Santander reviews and quantifies changes in the risk of default during their expected life based on their credit risk level on initial recognition.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of assessing significant changes when financial instruments are classified in Stage 2, each subsidiary has set quantitative thresholds for its portfolios in line with Group guidelines, seeking a consistent interpretation across all our geographies. The calibration principles for these thresholds are set out in the previous paragraph and may result in two types of thresholds:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Relative. Thresholds that compare current credit quality with credit quality at origination, expressed as a percentage change.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Absolute. Thresholds that compare current credit quality with credit quality at origination, expressed as an absolute change.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in line with the ECB’s supervisory expectations, the Group has set a 200% cap on the relative threshold, known as the 'threefold increase'. As a result, exposures whose credit quality has deteriorated by more than 200% in relative terms —using an approach analogous to the relative threshold described in the previous paragraph — transfer from Stage 1 to Stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Meeting any of the absolute thresholds, the relative thresholds or the 200% cap on the relative threshold (threefold increase) on an individual basis results in the transfer of the financial instrument exposure from Stage 1 to Stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group may apply the Low Credit Risk Exemption at the reporting date, so that certain exposures that continue to meet this condition may remain in Stage 1. This exemption applies only to quantitative significant increase in credit risk criteria; therefore, qualitative criteria are not eligible for exemption. The Group uses it on a limited basis, documents it and reviews it periodically. When an exposure no longer meets the low credit risk condition, it transfers to Stage 2 in line with the criteria above.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Qualitative criteria: several indicators aligned with ordinary credit risk management indicators (e.g. past due for over 30 days, forbearance, early warning indicators system, etc.). Each subsidiary has defined these indicators for their portfolios, with special attention to reinforcing these qualitative criteria through expert judgment and aligning them to the criteria used in management.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">When the presumption of a significant deterioration of credit risk is removed, due to a sufficient improvement of the credit quality, the obligor can be re-classified to stage 1, without any probationary period in stage 2.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Definition of default: Santander incorporated the new definition to provisions calculation according to the EBA’s guidelines; the Group is also considering applying it to prudential framework. In addition, the default definition and stage 3 have been aligned.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This definition considers the following criteria to classify exposures as stage 3: financial instruments with one or more payments more than 90 consecutive days past due, representing at least 1% of the client's total exposure or the identification of other criteria demonstrating, even in the absence of defaults, that it is unlikely that the counterparty is unlikely to meet all of its financial obligations.</span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies the default criteria to all exposures of the impaired client. Where an obligor belongs to a group, the default criteria may also be applied to all exposures of the group.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The default classification is maintained during the 3-month test period following the disappearance of all default indicators described above, and this period is extended to one year for forbearances that have been classified as default.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Expected life of financial instruments: Santander estimates the expected life of financial instruments according to their contractual terms (e.g. prepayments, duration, purchase options, etc.). </span></div><div style="margin-bottom:9pt;padding-left:7.08pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The contractual period (including extension options) is the maximum time frame for measuring the expected credit loss. If financial instruments have an undefined maturity period and undrawn amounts (e.g. credit cards), Santander estimates its expected life based on the total exposure period and effective management practices to mitigate exposure. </span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">1.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:4.44pt">Forward-looking vision</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Estimating expected credit losses (ECL)requires significant expert judgement and the incorporation of historical, current and forward-looking information. Expected loss estimates are therefore based on an unbiased, probability-weighted likelihood of up to five possible future scenarios that could affect the collection of contractual cash flows. These scenarios consider the time value of money, relevant information available on past events, current conditions and forecasts of the macroeconomic factors considered important in estimating this amount (e.g. GDP, house prices and the unemployment rate, among others). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander uses forward-looking information in internal management and regulatory processes under several scenarios. The Group's guidelines and governance seek synergy and consistency between these different processes. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">2. Additional elements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additional elements will be required when necessary because they have not been captured under the two previous elements. This has included, among others, the analysis of sectors most affected if their impacts are not sufficiently captured by the macroeconomic scenarios. Also collective analysis techniques, when the potential impairment in a group of clients cannot be identified individually.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the elements indicated above, Grupo Santander has evaluated in each of the geographical areas the evolution of the credit quality of its customers, for the purposes of classifying them into stages and consequently calculating expected loss.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i1faed7f6ea3d465f8856efa57990369e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Management overlays</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">During 2025, the Group strengthened coverage across its portfolios by implementing overlays, mainly in Brazil, Chile and Mexico, where it increased the PMA buffer to anticipate the impact of the year’s model recalibrations, as well as other potential deviations.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group gradually released the adjustments related to climate events, such as the Valencia dana experienced in late October 2024, in the case of Santander Spain and the Spanish DCB office.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Overall, the amount of overlays at year-end 2025 remains immaterial compared with the Group’s total allowance for credit losses.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i124cacb87d414830832c0438899fca78"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Exposure and loan-loss reserves</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Then, considering the most relevant units of the Group (United Kingdom, Spain, United States, Brazil, also Chile, Mexico, Portugal, Argentina and Santander Consumer Finance), which represent approximately </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">94%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of the total Group's provisions. The table below shows the loan-loss reserves associated with each stage as of 31 December 2025, 2024 and 2023. In addition, depending on the transactions credit quality, the exposure is divided into four categories according to Standard &amp; Poor's rating scale:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.6pt solid #ffffff;padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,795 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,243 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367,186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381,579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">291,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335,376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,503 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">779,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,275</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">888,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,068</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,177</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,942</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,394 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,564 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,958 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,678 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426,837 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,456 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318,878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,291 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">800,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77,330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">908,963</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,512</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,938</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,635</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%"> </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,792 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,237 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,029 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,746 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">417,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">250,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,979 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">807,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,808</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">914,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,883</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Data for 2025, 2024 and 2023 reflect the new reporting structure, mainly the disposal of Poland.     </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining units that form the totality of the Group exposure, account for EUR 93,731 million: EUR 89,094 million in stage 1; EUR 3,528 million in stage 2; and EUR 1,109 million in stage 3 (in 2024 EUR 80,541 million in stage 1; EUR 2,534 million in stage 2, and EUR 874 million in stage 3. In 2023, EUR 68,788 million in stage 1; EUR 1,504 million in stage 2, and EUR 658 million in stage 3), and </span></div></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">loan-loss reserves totalled EUR 759 million, of which: EUR 213 million in stage 1; EUR 152 million for stage 2, and EUR 394 million in stage 3 (in 2024, EUR 165 million, EUR 117 million and EUR 295 million and in 2023, EUR 199 million, EUR 73 million and EUR 161 million in stage 1, stage 2 and stage 3, respectively).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The remaining exposure, including all financial instruments not included before, amounts to EUR 834,911 million (EUR 665,476 million in 2024 and EUR 598,385 million in 2023), and it includes all undrawn authorized lines (loan commitments). </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the Group had EUR 334 million net of provisions (EUR 559 million and EUR 743 million at 31 December 2024 and 2023, respectively) of purchased credit-impaired assets, which relate mainly to the business combinations carried out by the Group.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the evolution of credit risk provisions, the Group, together with its main geographies, monitors them through sensitivity analyses that assess the impact of changes in macroeconomic scenarios and their key variables on the allocation of financial assets across stages and on the measurement of credit risk provisions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, based on consistent macroeconomic scenarios, the Group also performs stress tests and sensitivity analysis in a regular basis, such as ICAAP, strategic plans, budgets and recovery and resolution plans. In this sense, a prospective view of the sensitivity of each of the Group’s loan portfolio is created in relation to the possible deviation from the base scenario, considering both the macroeconomic developments in different scenarios and the three year evolution of the business. These tests include potentially adverse and favourable scenarios.</span></div><div style="margin-bottom:3pt;margin-top:15pt"><span id="if8ed7eda2fb04893b26b8e950460b88b"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Detail of the main geographical areas</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following is the risk information related to the most relevant geographies in exposure and credit risk allowances.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This information includes sensitivity analysis, consisting on simulations of +/-100 bp in the main macroeconomic variables. A set of specific and complete scenarios is used in each geography, where different shocks that affect both the reference macroeconomic variable as well as the rest of the parameters is simulated, with different intensities. These shocks collect mainly the most relevant risks and may be originated by productivity, tax, wages or exchange and interest rates factors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sensitivity is measured as the average variation on expected loss corresponding to the aforementioned movement of +/-100 bp. Following a conservative approach, the negative movements take into account one additional standard deviation in order to reflect the potential higher variability of losses.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ib3feb763512a43a4b5b359be7895c507"></span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1. United Kingdom</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="id2afca752a934154911ff0f739b38c75"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk with customers in the UK remained stable in EUR 244,303 million. This credit risk represents 21% of Santander’s loan portfolio.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 1.08%, the NPL ratio decreased 25 bps in comparison to the year end of 2024, due to the good performance in the mortgage portfolio.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i803c756134084ffc8140208078e535d3"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Because of its size, Grupo Santander closely monitor Santander UK’s mortgage portfolio for the entity itself and the Group. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025, the mortgage portfolio of Santander UK remained stable, at local currency, and reached EUR 192,047 million. It co</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">mprises residential mortgages granted to new and existing customers which are first lien mortgages. There are no second or more liens on mortgaged properties. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Originations have increased in 2025 compared to 2024, a sign of a more active housing market due to lower interest rates and less pressure on households’ purchasing power. The housing market returned to growth in 2025, with a higher level of transactions and price increases compared to 2024. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Under Santander's risk management principles, a property must be appraised independently before we can approve a new mortgage. In line with market practices and the law, we get updated values of properties used as mortgage collateral from an independent agency's automatic appraisal system.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander UK's wide range of mortgages include:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Interest-only loans (21%): Customers pay interest every month and repay the principal at maturity. These mortgages, which are common in the UK, require borrowers to have an appropriate repayment vehicle, such as a pension plan or an investment fund. To mitigate inherent risk, Santander UK has restrictive approval requirements, such a maximum loan-to-value ratio of 50% and an assessment of the ability to pay both interest and capital.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Flexible loans (2%): Loan agreements allow borrowers to modify monthly payments or draw down additional funds up to a set limit under various conditions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Buy-to-let (9%): Buy-to-let mortgages account for a small portion of the total portfolio and are subject to strict risk approval policies. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander’s NPL ratio highlights the resilience of the mortgage portfolio in a challenging economic environment and an intensely competitive market. It stood at 0.87% at the end of December 2025 (-20 bps YoY).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, 82% of the mortgage portfolio had an LTV lower than 70%.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i7f0f1f133f9249cf9bd394fa6954833e"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander's UK exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,963 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,344 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,981</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,529 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162,510 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,630</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,770 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,400 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,475 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,092 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">200,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">855</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,012 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,184 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,196 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">159,970</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,916</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170,886 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,594 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,175 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,769 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">695 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,292 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,999 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,970</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,850</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,236 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,273 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,509 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,884</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,850</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,734 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,588 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,995 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,583 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,118</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">235,344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander UK considers four macroeconomic scenarios, which are updated periodically. The evolution forecasted in 2025 for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:25.834%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026 - 2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.02</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. In terms of allocation, Santander UK associates the highest weighting to the base scenario, while it associates the lowest weightings to the most extreme or severe scenarios. In addition, at 31 December 2025, 2023 and 2022, the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:54.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.191%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.192%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With regard to Stage 2 classification, Santander UK applies quantitative criteria based on identifying an increase in lifetime probability of default (PD) for the transaction that exceeds both an absolute and a relative threshold. The PDs used in this assessment are adjusted to the transaction’s remaining term and annualised to facilitate the definition of thresholds that cover the full range of transaction maturities. The relative threshold is common across all portfolios, and Santander UK considers that a transaction exceeds this threshold when its lifetime PD increases by 100% compared to the PD at initial recognition. The absolute threshold, by contrast, differs across portfolios depending on the characteristics of the transactions.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, each portfolio has a set of specific qualitative criteria indicating that the exposure has experienced a significant increase in credit risk, irrespective of the evolution of its PD since initial recognition. Among other criteria, Santander UK considers that a transaction shows a significant increase in credit risk when it is more than 30 days past due. It also has implemented early warning indicator system to support Stage 2 classification. These criteria align with the risk management practices of each portfolio.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:1pt;margin-top:9pt"><span id="iae9f560b4ead47948b97c7d8cc67499d"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.2. Spain</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ie1f99b6d9a27447aa6b22fbca1da3c1e"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">P</span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">ortfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander España’s credit risk totalled EUR 305,156 million (26% of Grupo Santander’s total). It is appropriately diversified among products and customer segments.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio was 1.94%, 72 bps lower than in December 2024. This decrease was driven by the portfolio’s strong performance, supported by the execution of the NPL reduction plan.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL coverage ratio increased slightly to 55% (+2 p.p. year-on-year). The cost of risk decreased to 0.43% (-7 bps vs. December 2024), driven by the strong performance of all portfolios.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Macroeconomic projections suggest the economy will moderate its growth pace slightly, but will remain dynamic and well above the eurozone average, as the Spanish economy has largely been supported by stronger domestic demand amid a weaker-than-expected external sector.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i3da1f4258c1f40808267129132106ea6"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Residential mortgage portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Residential mortgages in Spain, including Santander Consumer Finance business, amounted to EUR 60,002 million in 2025 (EUR 59,316 million and EUR 61,097 million in 2024 and 2023, respectively), 99.64% of which have a mortgage guarantee (99.65%and 99.65% in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt;margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,002 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">625 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,787 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">618 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,316 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">789 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,108 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">778 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:46.887%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.907%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which: impaired</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Home purchase loans to families</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,097 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">924 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Without mortgage collateral</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">215 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">With mortgage collateral</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,882 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">908 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;margin-top:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio for the residential mortgages portfolio stood at 1.03%, with a reduction of 29 bps, compared to 31 December 2024, mainly due to by portfolio sales, although credit risk registered an increase of 1.2% compared to December 2024.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The mortgage portfolio for the acquisition of homes in Spain is characterised by its medium-low risk profile, which limits expectations of any potential additional impairment: </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Principal is repaid on all mortgages from the start. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Early repayment is common so the average life of the transaction is well below that of the contract. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">High quality of collateral, concentrated almost exclusively in financing for first homes. </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The average affordability rate is r</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">educe to 22% (</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">24% and 24% in 2024 and 2023, respectively). </span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The 94% of the portfolio has a LTV below 80% calculated as total risk/latest available house appraisal.</span></div><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">All customers applying for a residential mortgage are subject to a rigorous credit risk and viability assessment, analysing whether their income is sufficient to meet all repayments and will remain stable over the term of the loan.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.131%"><tr><td style="width:1.0%"></td><td style="width:31.735%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.095%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 40% and less than 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 60% and less than 80%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 80% and less than or equal to 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross amount</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,310 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,811 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,812 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,787 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In November 2022, Royal Decree-Law 19/2022 was published, which establishes a Code of Good Practices in response to the rise in interest rates on mortgage loans for primary residences and Royal Decree-Law 6/2012 of protection measures for mortgage debtors without resources. The code of good practices is focused on granting capital grace periods and extending the term of the operations. The requests made have not been significant.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i76e56646c05d43bb9e986927c7275787"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Corporate &amp; SME financing</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Credit risk with SME </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">and corporates in commercial banking amounted to EUR 99,395 million, lower than December 2024, mainly due to the fall in the portfolio of SMEs of 10.1%. This portfolio accounting for 33% of the total, compared to 41% of CIB's portfolio, which from 2022 includes branches in Europe. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most of the portfolio corresponds to clients who have been assigned a credit analyst, who performs continuous management of said clients during all phases of the risk cycle. The portfolio is broadly diversified and not concentrated by sector of activity. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The ICO loans that were granted as a result of the pandemic (25,428 million euros) are being repaid normally and there is a balance of EUR 10,857 million, so they now represent only around 3.6% of Santander Spain's total portfolio. During 2025, Santander Spain maintained its support and close engagement with SMEs and the self-employed through the various support lines, which were significantly less material than the post-pandemic programmes (Líneas ICO Empresas y Emprendedores, Línea ICO Internacional y Rehabilitación de vivienda).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the case of delinquent operations with ICO guarantee, the transfer of the overdue guaranteed amounts will take place as the guarantee is executed, regardless of whether the guarantor is subrogated to the right to receive said amounts, according to the regulation of these guarantees. The de-recognition of the transferred guaranteed amounts will entail the recognition, at its fair value, of a collection right against the guarantor.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The portfol</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">io’s NPL ratio stood at 4.10% in December 2025. The NPL ratio decreased by 97 bps compar</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ed to December 2024, largely due to a proactive effort to reduce the stock of NPLs in the SME portfolio, through proactive management of non-performing exposures supported by portfolio sales and the management of specific cases.</span></div><div style="margin-bottom:3pt"><span id="i5b5d85114d1f4520bdab92ac51570ce8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Real estate activity</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander has specialized teams that are in charge of managing real estate business production and risk areas that cover the entire life cycle of these operations.</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The changes in gross property development loans to customers were as follows:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at beginning of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,545</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,327</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Foreclosed assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net variation</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">441</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Written-off assets</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance at end of year</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,984</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,545</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,433</span></td></tr></table></div><div style="margin-bottom:12pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio of this portfolio (considering only the on balance amount) ended the year at 1.04% (compared with </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:400;line-height:130%">2.28%</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and 3.04% at December 2024 and 2023, respectively) . The table below shows the distribution of the portfolio. The coverage ratio of the real estate doubtful exposure in Spain stands at 35.48% (36.21% and 39.19% in 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:25.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.282%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.591%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.284%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Excess of gross exposure over maximum recoverable amount of effective collateral</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Specific allowance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financing for construction and property development (including land) (business in Spain)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,984</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Memorandum items written-off assets</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:69.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.221%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Memorandum items: Data from the public consolidated balance sheet</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total loans and advances to customers excluding the Public sector (business in Spain) (Book value)</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">240,609 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total consolidated assets (Total business) (Book value)</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,867,515 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Impairment losses and credit risk allowances. Coverage for unimpaired assets (business in Spain)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,086 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At year-end, the distribution of this portfolio was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:67.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans: gross amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1. Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2. With mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,970 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">658 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 Buildings and other constructions under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 Land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.1 Developed consolidated land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.2 Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i73e343b4e922455ea8f466c0a3d17a0a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Foreclosed properties</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, the net balance of these assets amounted to EUR 1,898 million (EUR 2,131 million and EUR 2,448 million at 31 December 2024 and 2023, respectively), gross amount of EUR 4,258 million (EUR 4,823 million and EUR 5,506 million at 31 December 2024 and 2023, respectively); recognised allowance of EUR 2,360 million (EUR 2,692 million and EUR 3,058 million at 31 December 2024 and 2023, respectively).</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the detail of the assets foreclosed by the businesses in Spain at the end of 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Gross carrying amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Valuation adjustments</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Of which impairment losses on assets since time of foreclosure</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net Carrying amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets arising from financing provided to construction and property development companies</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,843</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,144</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,591</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,699</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">481 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">324 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">282 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">157 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">129 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">60 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">352 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">222 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Buildings under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">107 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">35 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">58 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,255 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,771 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,274 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,484 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Developed land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">776 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">429 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">260 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">347 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,342 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,137 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Property assets from home purchase mortgage loans to households</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">334</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">119</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">162</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other foreclosed property assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">81</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">44</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">36</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">37</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total property assets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,258</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,746</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,898</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the Group has shareholdings in entities holding foreclosed assets amounting to EUR 36 million and equity instruments foreclosed or received in payment of debts amounting to EUR 10 million.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In recent years, the Group has considered foreclosure to be an option to resolve cases of default instead of legal proceedings. The Group initially recognises foreclosed assets at the lower of the carrying amount of the debt (net of provisions) and the fair value of the foreclosed asset (less estimated costs to sell). Subsequent to initial recognition, the assets are measured at the lower of fair value (less costs to sell) and the amount initially recognised.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fair value of this type of assets is determined by the market value (appraisal) adjusted with discounts obtained according to internal valuation methodologies based on the entity's sales experience in goods with similar characteristics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The management of real estate assets on the balance sheet is carried out through companies specializing in the sale of real estate that is complemented by the structure of the commercial network. The sale is realised with at prices in accordance with the market situation and the offer of wholesale buyers.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The gross movement in foreclosed properties were as follows (EUR billion):</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.963%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">EUR Billion</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross additions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposals</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Difference</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6)</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9)</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ic91246279d434dd19dbc9742b92192db"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Spain exposure and loan-loss reserves associated with each of the stages at 31 December, 2025, 2024 and 2023, is shown below. In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,407 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,578 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,001</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,453</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,454 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,089 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,262 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,351 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,189</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,630 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">201,013</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">382</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,204</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,347 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,457 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,197</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105,321 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,413 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,844 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,257 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,084</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,199</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,618 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,901 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,041</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,827 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,875 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,079</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">780</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,859 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,905 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,789 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,694 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,513 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,517 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,536 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #A6A6A6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,566</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,994</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,959</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,922</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes provisions for undrawn authorized lines </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:115%">(loan commitments).</span></div><div><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of the expected losses, the prospective information is taken into account. Specifically, Santander Spain considers three macroeconomic scenarios, which are updated periodically. The projected evolution for a period of five years of the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2025, is presented below:</span></div><div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.964%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario </span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each macroeconomic scenarios is associated with a given weight. As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, at December 31 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:44.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.6</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To determine Stage 2 classification, Santander Spain applies quantitative criteria based on identifying increases in the lifetime PD of an exposure above a relative or absolute threshold. The threshold differs by portfolio depending on the characteristics of the exposures, and an exposure is considered to exceed the threshold when its lifetime PD increases by a set amount compared with the PD at initial recognition. Santander Spain calibrates these thresholds periodically, as described in previous paragraphs. In addition, Santander Spain applies a backstop to the relative threshold across all portfolios. As a result, Santander Spain classifies contracts as Stage 2 when their current PD has increased by more than two times compared with the PD at origination.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Spain also considers specific qualitative criteria that indicate a significant increase in credit risk, regardless of how the PD has evolved since initial recognition. Among other criteria, Santander Spain considers that an exposure shows a significant increase in credit risk when it is more than 30 days past due or when its early warning system so determines.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">    </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i2e02ef57652046028c93695d51ae9a81"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.3. United States</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="if26b2549cb584194874d1466f23f0ad2"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander US’s credit risk stood at EUR 148,488 million at the end of December 2025. It makes up 12.8% of Grupo Santander's total credit risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio grew to 4.82% (+14 bps in the year) due to a higher stock of delinquencies and lower portfolio growth, and the cost of risk decreased to 1.62% (-20 bps in the year).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander US includes the following business units:</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="id15354824f864207beb4082cd152651a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Santander Bank, National Association (SBNA)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 20</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">25 lending amounted to EUR 46,677 million (representing 4% of the Group's credit risk) and presents a reduction of 15% in 2025, mainly due to the transfer of the CIB portfolio to the New York branch. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio increased to 2.60% (+44 bps vs December 2024, while the cost of risk remained flat at 0.93%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Activity in the individuals segment is primarily focused on auto financing and leasing, as well as credit card origination. During 2025, the teams continued to develop the operating and systems capabilities that will enable the asset product offering to be expanded in the future through the Openbank brand.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Commercial segment comprises seven business lines, including Commercial Real Estate, Santander Real Estate Capital, Commercial Equipment Vehicle Finance, and Commercial and Industrial. The portfolio shows a slight downward trend in exposure, driven, on the one hand, by a strategy that prioritises risk-adjusted profitability over volume growth and, on the other, by the gradual run-down of the real estate and dealer portfolios.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The credit risk profile of the Commercial Real Estate and dealer portfolios shows some deterioration, mainly due to structural uncertainties affecting these sectors, as well as the impact of an interest-rate environment that remains elevated and developments in commercial and tariff policies, which continue to weigh on the financial capacity of certain customers.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8154971781d0462fb41ba34dadcbbcfd"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Bank, National Association exposure and loan-loss reserves associated with each of the stages at 31 December, 2025, 2024 and 2023 is shown below. In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,622 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,646 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,352</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">728</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,080</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,758</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,459</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,217</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,158</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,798</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">804</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,215 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,492 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,422</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">930</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,352</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,899</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,855</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,754</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">482</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,130 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,645</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,569</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">364</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">838</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:9.07pt;text-indent:8.93pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,834 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,468</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,927 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,751 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">894 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPO, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).    </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the estimation of expected losses, prospective information is taken into account. Specifically, Santander Bank, National Association considers four macroeconomic scenarios, which are updated periodically. The evolution projected in 2025 for a period of five years of the main macroeconomic indicators used Santander Bank, National Association to estimate expected losses is presented below:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim growth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.123%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Auto</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.6%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.7%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.9%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.3%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.6%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.9%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.9%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.5%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—%</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4%)</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the Stage 2 classification determination, this year SBNA implemented, within the Auto portfolio, a system based on the comparison of PD to determine whether there has been a significant increase in credit risk. SBNA set both relative and absolute thresholds, segmented by the customer’s credit profile, and also established a backstop to the relative threshold. As a result, SBNA will classify as Stage 2 those contracts whose current PD has increased by more than two times compared to their PD at origination.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the remaining retail portfolios, SBNA uses the FICO (Fair Isaac Corporation) score as a quantitative criterion as a proxy for PD, considering the score at origination and its current value, and setting different limits or cut-off points depending on each portfolio’s characteristics. A significant increase in risk requires changes in the score of around 120 bps and 20 bps.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For wholesale portfolios, SBNA uses the transaction’s rating as a proxy for PD, considering the rating at origination and its current rating, and setting thresholds for different rating bands depending on each portfolio’s characteristics.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, SBNA defines specific qualitative criteria to identify exposures that have recorded a significant increase in credit risk. Among other criteria, Santander Bank, National Association considers that a transaction presents a significant increase in credit risk when it has arrears positions for more than 30 days or when a system of early warning indicators determines it. </span></div><div style="margin-bottom:3pt"><span id="i1754043d288244a78e4dea6543b5c2b2"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Santander Consumer USA Inc.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Consumer USA Inc. (SC USA) presents higher risk indicators than other Santander US units due to the nature of its business, which focuses on auto finance via loans and leasing.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, lending amounted to EUR 25,318 million (representing 2.2% of the Group) and presents a decrease of 17.0% regarding December 2024.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the NPL ratio, it increased to 22.08% (+340 bps in the year); and the cost of risk stood at 6.10% (-50 bps YoY).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">NPL coverage ratio fell to 53% (-885 pp in the year), in line with the percentages of transfers from default to bad debts, which are at historically low levels.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The business focuses on optimising the profitability-to-risk relationship through pricing management aligned with each customer’s credit quality and each transaction, while also strengthening dealer processes and the dealer experience. 2025 was marked by uncertainty stemming from tariff policy and fiscal stimulus measures, as well as the end of the exclusivity agreement with Stellantis.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i142c722429564a46b4f4255289b9272a"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Consumer USA Inc. exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,167 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,114 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,577 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,871 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,588 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,036 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,204</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">419</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,802</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">451</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,253 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,259</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,226</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,729 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,214 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,729</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,006</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,120</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,515 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,754</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,237</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,263 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the expected losses estimation, prospective information should be taken into account. Specifically, SC USA considers four macroeconomic scenarios, periodically updated over a 5-year time horizon. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The evolution forecasted in 2025 for a period of five years of the main macroeconomic indicators used by in SC USA in the estimation of expected losses is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.361%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.441%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> index</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.546%"><tr><td style="width:1.0%"></td><td style="width:59.812%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.988%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SC Auto</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment Rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.9%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">House Price Change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2%)</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In relation to the Stage 2 classification determination, SC USA implemented a new system based on the comparison of PD at origination and current PD, replacing the previous approach based on the FICO (Fair Isaac Corporation) score. SC USA established a set of absolute and relative thresholds, segmented based on the customer’s credit profile. Finally, it introduced a backstop to the relative threshold whereby contracts whose current PD has increased by more than two times compared to their PD at origination are classified as Stage 2.</span></div><div style="margin-bottom:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, for each portfolio, a series of specific qualitative criteria are defined, which indicate that the exposure has experienced a significant increase in credit risk, regardless of the evolution of its PD since the initial recognition. Among other criteria, the entity considers that a transaction has experienced a significant increase in credit risk when it has past-due positions for more than 30 days. These criteria align with the risk management practices of each portfolio.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie44df5a8c6404d4990dfc7787a9e9f32"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.4. Banco Santander (Brasil) S.A.</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i04e7256ceeea478ba00640fcdab2e93c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Portfolio overview</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Brazil's credit risk amounted to EUR 118,546 million, increasing 2.5% in constant euros from 2024. Minus the exchange rate effect, it grew by 2.0%. As of December 2025, Santander Brasil accounts for 10% of Grupo Santander's loan book.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NPL ratio went from 6.10% in December 2024 to 6.76% in December 2025, and the coverage ratio increased from 79.0% to 81.0%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As of 31 December 2025 loan-loss provisions reached EUR 4,409 million, a 2% year-on-year decrease. Cost of risk increased from 4.03% in 2024 to 4.17% in 2025.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the Brazilian economy is moderating compared to the previous year. Several factors drive this performance: reduced fiscal support, a more restrictive monetary policy and a less favourable external environment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The labour market still shows resilience, which has helped prevent a sharp deterioration in household consumption. However, some indicators suggest that this labour-market momentum is starting to cool, with private-sector employment growth gradually easing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Inflation is expected to close the year at around 4.8%, with a trend towards further moderation in 2026. A moderate appreciation of the Brazilian real and weaker domestic demand contribute to this price moderation. The Brazilian real exchange rate remains a source of uncertainty, together with public debt sustainability and the need for fiscal adjustments to contain financial imbalances. From a sectoral perspective, the agricultural sector and certain industrial segments continue to provide relevant support, although the overall slowdown and the effects of tighter monetary conditions limit their contribution to aggregate growth.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Against this backdrop, although Brazil retains a relatively solid base — a robust labour market and competitive export sectors —2025 is shaping up as a transition year, with the economy slowing and facing multiple structural challenges (inflation, exchange rate, debt and monetary policy) that condition its performance.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The retail segment (without Consumer Finance), which represents 37% of Santander Brazil's total portfolio, mainly comprises mortgages and credit cards (29% and 26% of the total portfolio, respectively). Thanks to the risk mitigation measures implemented in origination and portfolio management, cost of risk has been kept at 4.7%, despite the high SELIC rate and inflation running above the official target, which reduces individuals’ repayment capacity.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In the SME segment, which represents 11% of total risk exposure, the Bank maintained the restrictive origination measures adopted in recent years, particularly for the higher-risk profiles with weaker performance. Teams continuously review and adjust strategies to keep credit quality within expected levels. Overall, they achieved this during the year, with an acceptable performance of new business indicators.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In Brazil’s corporate segment, 2025 was marked by an uncertain geopolitical backdrop and some weaknesses in the local economy, notably high interest rates that have affected the repayment capacity of more leveraged companies. In this environment, the portfolio’s growth slowed and NPL and cost of risk levels increased.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id3adc8f7128045c78a12d72f7b6f3ea6"></span><span style="background-color:#ffffff;color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Information on the estimation of impairment losses </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Banco Santander (Brasil) S.A. exposure and loan-loss reserves associated with each of the stages at 31 December 2025, 2024 and 2023, is shown below. In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality: </span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,898 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,513 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,411 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,179</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,253</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,432 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,089 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,035 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,124 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,801 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,151 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,169 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,557 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">970 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,527 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,824</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,637</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,461 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,655 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,285 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,940 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,808 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,382 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,613 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,700</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,382</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,766</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,670 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,138 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,869</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">751</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,107 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,177 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,284 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,153 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,735 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,479 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,367 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,479</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,538</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the expected losses estimation, prospective information is taken into account. Particularly, Santander Brazil considers three macroeconomic scenarios, periodically updated. The evolution for a period of five years of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows:</span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Burden income</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.0</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.8</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;margin-top:3pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each macroeconomic scenario is associated with a given weight. Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2025 as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Individuals</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">SME</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate (SELIC)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the Stage 2 classification determination, Santander Brasil assesses whether the increase in lifetime PD over the expected life of the transaction exceeds the combined effect of an absolute and a relative threshold. These thresholds vary by portfolio, depending on the characteristics of the transactions. A transaction is deemed to breach the threshold when its lifetime PD increases by a specified amount compared to the PD recorded at initial recognition.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The absolute and relative threshold levels are recalibrated periodically and depend on the type of portfolio to which they apply. In addition, Santander Brasil has implemented a backstop to the relative threshold across all portfolios: contracts whose current PD doubles the PD at origination are automatically classified as Stage 2.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie6ab7dfbc6684d55b14fb3c5c57d9d34"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">4. Other credit risk aspects</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ia571339575fb4b23b47fcaacd0c78874"></span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.1. Credit risk by activity in the financial markets</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This section covers credit risk from treasury, with money market financing and counterparty risk products to satisfy the needs of customers (especially credit institutions) and the Group. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Counterparty credit risk is defined as the risk that could arise from a total or partial failure to meet the financial obligations entered into with the entity, because a customer may default before the final settlement of the transaction’s cash flows. This risk usually increases the longer the period between the trade date and the settlement date. It is a bilateral credit risk that can affect both parties to the transaction, and its magnitude is uncertain, as it depends on volatile market factors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Within counterparty credit risk exposure, an additional risk known as wrong-way risk may arise. It occurs when exposure to a portfolio or counterparty increases at the same time as its credit quality deteriorates. In other words, wrong-way risk exists when default risk increases and, as a result, the exposure to the counterparty also increases. Santander has specific models to measure and control this risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Settlement risk arises when the settlement of a transaction involves a bilateral exchange of flows or assets between two counterparties. For example, when a counterparty buys dollars in exchange for euros, settlement involves one party delivering euros and receiving an equivalent amount of dollars from the other. Settlement risk is the risk that one of the parties fails to meet its settlement obligations. We have also developed a global infrastructure and specific models to measure this risk.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To manage and control counterparty risk, it is essential to have an infrastructure that allows measuring current and potential exposure at different levels of aggregation and granularity in an agile and dynamic way, ensuring the generation of reports with sufficient detail to facilitate the understanding of exposures and the decision-making process.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure exposure, Grupo Santander follows two methodologies: mark-to-market (MtM or replacement value in derivatives) plus potential future exposure (add-on), and Monte Carlo simulation for calculating exposure for some countries and products. Additionally, Santander calculates capital at risk or unexpected loss, which is the loss that constitutes economic capital net of guarantees and recoveries, after deducting the expected loss.</span></div><div style="margin-bottom:9pt"><span><br/></span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">After market close, Grupo Santander recalculates exposures by adjusting all operations to their new time horizon, adapting the potential future exposure and applying mitigation measures (netting, collateral, among others), so that exposures can be controlled daily against the limits approved by senior management within the risk appetite. Santander performs risk control through a real-time integrated system, which allows the Group to know at any moment the available exposure limit with any counterparty, in any product and term, and across all subsidiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander runs monthly stress tests on derivatives portfolios and securities financing transactions (SFT). These exercises form an integral part of the counterparty credit risk management process. They allow us to assess the resilience of exposures under adverse scenarios and support appropriate identification, measurement and control of the associated risks. </span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia14b72992e6241e18c82a51eed39a19b"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.2. Concentration risk </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Concentration risk control is an essential aspect of Grupo Santander's management. The Group continuously monitors the level of concentration in its credit risk portfolios applying various criteria: geographic areas and countries, economic sectors and groups of customers.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The board, via the risk appetite framework, determines the maximum levels of concentration.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In line with these maximum levels and limits, the executive risk committee establishes the risk policies and reviews the appropriate exposure levels for the effective management of </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">the degree of concentration in Santander’s credit risk portfolios.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander must adhere to the regulation on large risks contained in the CRR, according to which the exposure contracted by an entity with a customer or group of associated customers will be considered a large exposure when its value is equal to or greater than 10% of eligible capital.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, in order to limit large exposures, no entity may assume exposures exceeding 25% of its eligible capital with a single customer or group of associated customers, having factored in the credit risk mitigation effect contained in the regulation.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, after applying risk mitigation techniques, no group reaches the above-mentioned thresholds.</span></div><div style="margin-bottom:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regulatory credit exposure with the 20 largest groups within the scope of large risks represented 5.3% of the outstanding credit risk with customers (lending to customers plus off-balance sheet risks) as of December 2025. While the regulatory credit exposure with the 40 largest groups represents 8.4% of the credit risk.</span></div><div style="margin-bottom:6pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by activity and geographical area of the Group's risk concentration at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other EU countries</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">America</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the world</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326,316 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,256 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,853 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119,532 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,675 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">267,765 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,131 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,109 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,905 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">239,153 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,479 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57,468 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101,768 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,438 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,612 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,652 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,152 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,341 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">467 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,044 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,301 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,819 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,600 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,324 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447,496 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,836 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,760 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188,078 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,822 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,322 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,130 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,090 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,396 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,706 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,128 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,835 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,740 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,468 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">291,515 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,841 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,635 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127,003 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,036 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130,531 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44,030 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27,295 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50,211 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,995 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543,928 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,602 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,262 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,560 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214,504 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">333,552 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,818 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27,030 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46,605 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198,099 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192,746 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,784 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,670 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,491 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,801 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,630 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,000 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,562 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,464 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">604 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,792,549</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">352,126</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">378,314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">660,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">401,230</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:15pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">For the purposes of this table, the definition of risk includes the following items in the public balance sheet: 'Loans and advances to credit institutions', 'Loans and advances to Central Banks', 'Loans and advances to Customers', 'Debt securities', 'Equity Instruments', 'Trading Derivatives', 'Hedging derivatives', 'Investments and financial guarantees given'. </span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i9df7782519234727b6315c34a29df2ac"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.3 Sectors identification and management </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander conducts a quarterly review of exposure to customers operating in sectors that could be more affected by macroeconomic conditions (energy consumption, commodity prices, and key macroeconomic variables). This monitoring is complemented by the use of internal tools that allow projecting the behaviour and evolution of clients in each sector under different macroeconomic scenarios. Additionally, this process considers, among other things, the following information at the sector level:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market information: Industries’ stock market performance.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Analysts’ EBITDA forecasts for the coming years.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Internal information: Changes in credit exposure, defaults (in different timelines) and stagings.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Our industry experts’ opinion, based on specific details about our exposures and our relationships with customers</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">continued to strengthen our ability to analyse potential losses at the highest possible level of granularity by enhancing the methodology and sector projection tools, based on the resilience of each company’s financial statements under different macroeconomic scenarios.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="icd026d9fd5634422af836382952f833b_9509"></span><span id="ifde19736bb3b4dacbca9b14f2c6781a0"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">4.4. Sovereign risk and exposure to other public sector entities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sovereign risk arises from central bank transactions (including regulatory cash reserves), government bonds issued by the Treasury or equivalent bodies (public debt portfolio), and transactions with public-sector entities funded exclusively by a state’s budget revenues and with no commercial activity.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The standard historically applied by Grupo Santander differs from the one used by the EBA in its periodic stress tests. The most significant differences are that the EBA’s approach does not include deposits with central banks, exposures held in insurance companies, or indirect exposures through guarantees or other instruments. By contrast, it does include public administrations more broadly (including regional and local authorities), and not only those of the central government.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander continues to track and manage transactions with sovereign risk based on available information, such as reports by rating agencies and international organizations. Grupo Santander monitors each country where the Group has cross-border</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> and sovereign risk. Santander analyses events that could affect the country’s political or institutional stability and assign its government or central bank a credit rating. This helps us set limits for transactions with sovereign risk.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Over recent years, total sovereign risk exposure has remained in line with regulatory requirements and the strategy defined for managing this portfolio. Changes in exposure across countries reflect the liquidity management strategy and hedging of interest rate and foreign exchange risk. International exposure is diversified across countries with different macroeconomic expectations and, consequently, different growth, interest rate and exchange rate scenarios..</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, Grupo Santander´s local sovereign exposure, in currencies other than the official currency of the country of issuance, is not significant (</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EUR 4,908 million, 1.2% of total sovereign risk) according to our management criteria. Furthermore, exposure to non-local sovereign issuers involving cross-border risk is even less significant</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">2</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> (EUR 17,002 million, 4.0% </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">of total sovereign risk). Sovereign exposure in Latin America is mostly in local currency, and is recognised in the local accounts and concentrated in short- term maturities.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our investment strategy for sovereign risk considers country’s credit quality to set the maximum exposure limits. The following table shows the percentage of exposure by rating</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure distribution by rating</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Internal ratings are applied.</span></div></div></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Sovereign exposure at the end of December 2025 is shown in the table below (data in million euros):</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.307%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.162%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Portfolio</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets held for trading and Financial assets designated as FV with changes in results</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial assets <br/>at fair value <br/>through other <br/>comprehensive <br/>income</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Financial <br/>assets at <br/>amortised cost</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Non-trading financial assets mandatory at fair value through profit or loss</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net direct exposure</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,852 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,044 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,008 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,293 </span></td><td style="border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(659)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,199 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Italy</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,875 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">440 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,557 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,872 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,915 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Greece</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Ireland</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest Eurozone</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,684 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,443 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,381 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,212 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">907 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,001 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,687 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,595 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,772 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Poland</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,141 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,339 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,333 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,813 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,286 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of Europe</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">526 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">534 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">954 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,783 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,320 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,943 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24,926 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,089 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,533 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,543 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,165 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,641 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,663 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,652 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,914 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,642 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">676 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,666 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,254 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,900 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of America</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,593 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,654 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,151 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,398 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Rest of the World</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">211 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,128 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,356 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,003 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,785</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">35,187</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">150,975</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">—</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">224,947</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,627</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #bf2115;border-top:0.5pt solid #bf2115;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%"> Risks with domestic public or private borrowers in foreign currency and originated outside the country.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:115%;position:relative;top:-2.44pt;vertical-align:baseline">2 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Countries that are not considered low risk by Banco de España.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt"><span id="i9f00c659b93b43b8a7de7a99afa8d396"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">5. Forborne loan portfolio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The customer debt redirection policy incorporates the regulatory requirements of the EBA guidelines on the management of non-performing exposures, refinancing and restructuring. This policy acts as a reference for the transposition in our subsidiaries and shares the applicable supervisory expectations.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This policy also sets down rigorous criteria for evaluating, classifying and monitoring forbearances to support the strictest possible care and diligence in recovering due amounts. Thus, it dictates that Santander must adapt payment obligations to customers' current circumstances. Our forbearance policy also defines classification criteria to support Grupo Santander recognizes risks appropriately. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Forbearances must remain classified as non-performing or in watch-list for a prudential period for reasonable certainty of repayment. In no case will repayments be used to delay the immediate recognition of losses or so that their use distorts the timely recognition of the risk of non-payment.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, forbearance stock fell again and stood at EUR 25,235 million, due to the good payment behaviour in the main geographies. In terms of credit quality, 53% of the loans is classified as credit impaired, with a coverage ratio of 41%. In addition, 47% of the portfolio is classified as performing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following terms are used with the meanings specified below:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Refinancing transaction: transaction that is granted or used, for reasons relating to current or foreseeable financial difficulties of the borrower, to repay one or more of the transactions granted to it, or through which the payments on such transactions are brought fully or partially up to date, in order to enable the borrowers of the cancelled or refinanced transactions to repay their debt (principal and interest) because they are unable, or might foreseeably become unable, to comply with the conditions there of in due time and form.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Restructured transaction: transaction with respect to which, for economic or legal reasons relating to current or foreseeable financial difficulties of the borrower, the financial terms and conditions are modified in order to facilitate the payment of the debt (principal and interest) because the borrower is unable, or might foreseeably become unable, to comply with the aforementioned terms and conditions in due time and form, even if such modification is envisaged in the agreement.</span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:27.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.606%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">462 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">182 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">117 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">15 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">94 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">489,192 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,095 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">42,700 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,596 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,271 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">923 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,713 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">249 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">523 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">739 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">695 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,000,071 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,556 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">515,253 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9,699 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,752 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,777 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3,665 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">3,490,210</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">9,751</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">558,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">15,484</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,145</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">4,715</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">6,480</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">13,499 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">261 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4,630 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">566 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">406 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">14 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">171 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:24.529%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.718%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Current refinancing and restructuring balances</span></td></tr><tr><td colspan="24" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">Amounts in EUR million, except number of transactions that are in units</span></td></tr><tr><td colspan="24" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="24" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Of which, non-performing/Doubtful</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Without real guarantee</span></td><td colspan="12" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">With real guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Maximum amount of the actual collateral that can be considered</span></td><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Impairment of accumulated value or accumulated losses in fair value due to credit risk</span></td></tr><tr style="height:18pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Headline',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Number of<br/>transactions</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Gross amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Real estate guarantee</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Rest of real guarantees</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Credit entities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other financial institutions and: individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">259 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">22 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">89 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Non-financial institutions and individual shareholder</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">296,008 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,901 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">26,767 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,585 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,166 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,420 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Of which financing for constructions and property development</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">167 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">264 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">156 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">115 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Other warehouses</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,620,343 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,401 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">296,470 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5,313 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,730 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,232 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">2,991 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">1,916,935</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,354</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">323,505</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">7,980</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,923</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">2,663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:700;line-height:105%">5,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">Financing classified as non-current assets and disposable groups of items that have been classified as held for sale</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">6,901 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">120 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">1,720 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">235 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">110 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:105%">145 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the amortised cost of financial assets whose contractual cash flows were modified during the year when the corresponding loss adjustment was valued at an amount equal to the expected credit losses over the life of the asset amounted to EUR 3,031 million (3,940 million in 2024), without these modifications having a material impact on the income statement. Also, during 2025, the total of financial assets that have been modified since the initial recognition, and whose correction for expected loss has gone from being valued during the entire life of the asset to the following twelve months, amounts to EUR 2,092 million (2,950 million in 2024).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The transactions presented in the foregoing tables were classified at 31 December 2025 by nature, as follows:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Credit impaired: Operations that rest on an inadequate payment scheme will be classified within the non-performing category, regardless they include contract clauses that delay the repayment of the operation throughout regular payments or present amounts written off the balance sheet for being considered irrecoverable.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Performing: Operations not classifiable as non-performing will be classified within this category. Operations will also be classified as normal if they have been reclassified from the non-performing category for complying with the specific criteria detailed below:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A period of a year must have passed from the refinancing or restructuring date.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The owner must have paid for the accrued amounts of the capital and interests, thus reducing the rearranged capital amount, from the date when the restructuring of refinancing operation was formalised.</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#9c9c9c;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The owner must not have any other operation with amounts past due by more than 90 consecutive days of material delay on the date of the reclassification to the normal risk category. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Attending to the credit attention 47% of the forborne loan transactions are classified as other than non-performing. Particularly noteworthy are the level of existing guarantees (47% of transactions are secured by collateral) and the coverage provided by specific allowances (representing 26% of the total forborne loan portfolio and 41% of the non-performing portfolio).</span></div><div style="margin-bottom:3pt;margin-top:9pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="ie941d54abac046e1a063b63957282601"></span><span style="background-color:#ffffff;color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">c) Market, structural and liquidity risk</span></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:9.07pt;text-indent:-9.07pt"><span id="i9b68c15dcb5545ebab3b81ef00d62db5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">1. Activities subject to market risk and types of market risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Activities exposed to market risk encompass transactions where risk is assumed as a consequence of potential changes in interest rates, inflation rates, exchange rates, stock prices, credit spreads, commodity prices, volatility and other market factors; the liquidity risk from our products and markets, and the balance-sheet liquidity risk. Therefore, they include trading risks and structural risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Interest rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> arises from movements in interest rates that reduce the value of a financial instrument, a portfolio or the Grupo Santander. It can affect loans, deposits, debt securities, most assets and liabilities held for trading, and derivatives. </span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Inflation rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> arises from movements in inflation that can reduce the value of a financial instrument, a portfolio or the entire group. It can affect loans, debt securities and derivatives (e.g. inflation swaps and futures) whose profitability is linked to inflation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Exchange rate risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss because the currency of a long or open position will depreciate against the base currency. It can affect debt in subsidiaries whose local currency is not the euro, as well as loans denominated in a foreign currency.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Equity risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from open positions in securities if their market price or expected future dividends fall. It affects shares, stock market indices, convertible bonds and derivatives with shares as the underlying asset (put, call, equity swaps, etc.).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Credit spread risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from open positions in fixed-income securities or credit derivatives if their yield curve, or the recovery rate of their issuer or type change. A spread is the yield difference between financial instruments against a benchmark (e.g. the internal rate of return (IRR) of government bonds and interbank interest rates).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Commodity price risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss from movements in commodity prices. Grupo Santander's commodity exposure is minor and stems mainly from commodity derivatives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Volatility risk</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> is the possibility of loss caused by movements in interest rates, exchange rates, the stock market, credit spreads and other risk factors affecting portfolio value. It is inherent to all financial instruments whose value considers volatility (especially options contracts).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Derivative contracts (such as options, futures, forwards and swaps) can mitigate market risks partially or fully.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, other more complex coverage market risks are considered, such as correlation risk, market liquidity risk, prepayment or cancellation risk and subscription risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Correlation risk is the possibility of loss due to an adverse correlation between risk variables that affect portfolio value. Risk variables could be the same (e.g. two FX rates) or different (e.g. an interest rate and a commodity price).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Market liquidity risk is the possibility that fewer market makers or institutional investors, a large number of transactions, market instability and other factors will cause the Group or a subsidiary to exit a position at a worse market price or trade cost. Exposure to different products and currencies can also increase this risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Pre-payment or cancellation risk originates when mortgages, deposits and other on-balance-sheet instruments give holders the option to buy or sell them, thus altering future cash flows. Potential mismatches on the balance sheet pose a risk since cash flows may have to be reinvested at an interest rate that is potentially lower (assets) or higher (liabilities).</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Underwriting risk is the possibility that the bank will have to hold part of a debt issue it has underwritten or agreed to place if it cannot all be placed among potential buyers.</span></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Balance sheet liquidity risk (unlike market liquidity risk) is the possibility of loss caused by forced disposal of assets or cash flow imbalance if the bank meets its payment obligations late or at excessive cost. It can cause losses by forced asset sales or impacts on margins due to the mismatch between expected cash inflows and outflows.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Pension and actuarial risks (explained at the end of this section) also depend on market variables.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander aim to comply with the Basel Committee’s Fundamental Review of the Trading Book (FRTB) and the EBA’s Guidelines on the management of interest rate risk arising from non-trading book activities. The purpose of several projects Grupo Santander runs is to provide risk control managers and teams with the best market risk management tools under the right governance framework for the models Grupo Santander uses for metric reporting; and to comply with regulation on the risks mentioned above.</span></div>. Trading market risk management<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Setting market risk limits in a dynamic process according to the risk appetite in the annual limits plan prepared by senior management and extended to all subsidiaries. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The standard methodology for risk management and control in trading, measures the maximum expected loss with a specific level of confidence and time frame. The standard for historical simulation is a confidence level of 99% over one day. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander applies statistical adjustments efficiently to incorporate recent developments affecting our levels of risk. Our time frame is two years or at least 520 days from the reference date of the VaR calculation.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The balance sheet items in the Group’s consolidated position that are subject to market risk are shown below, distinguishing those positions for which the main risk metric is VaR from those for which risk monitoring is carried out using other metrics:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:50.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.939%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Risk metric values on the consolidated balance sheet</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main market risk metric</span></td><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Balance sheet amount</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Main risk factor for 'Other' balance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets subject to market risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash, cash balances at central banks and other deposits on demand</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,281 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets held for trading</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">252,318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-trading financial assets mandatorily at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,761 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,815 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,946 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,046 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets designated at fair value through other comprehensive income</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,612 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,281 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">72,331 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial assets at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,202,689 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,931 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">165,827 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,867,515</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities subject to market risk</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities held for trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171,546 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities designated at fair value through profit or loss</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,148 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Financial liabilities at amortized cost</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,421,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, spread</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedging derivatives</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate, exchange rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of hedged items in portfolio hedges of interest rate risk</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,592 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,754,767</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Equity</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table displays the latest and average VaR values at 99% by risk factor over the last three years. It also shows the minimum and maximum VaR values in 2025 and 97.5% ES at the end of December 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.201%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">VaR statistics and expected shortfall by risk factor</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. VaR at 99% and ES at 97.5% with one day time horizon</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR (99%)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ES (97.5%)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Europe</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total North America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total South America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">VaR at the end of December (EU</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">R 18.7 million) was only EUR 0.03 million lower compared to the end of 2024, reflecting sustained high market volatility, ongoing geopolitical risk and concerns over inflation trends, which could pick up again as a result of new US trade policies. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By risk factor, average VaR (EUR 17.6 million) hig</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">her across several risk factors, especially for foreign exchange, with high market volatility for certain currencies such as the US dollar and the Argentine peso. Temporary spikes in VaR across the different factors generally reflect isolated increases in market price volatility rather than significant changes in positions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">By region, average VaR was higher than the 2024 average in Europe, mainly due to interest rate and foreign exchange risk factors, while it was lower in North America and South America.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="ibfa0a7b1fe7d4aa68fae528c98e7dc65"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Backtesting</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Actual losses can differ from predicted losses because of the VaR’s limitations. Grupo Santander measures the accuracy of the VaR calculation model to make sure it is reliable. The most important tests Grupo Santander runs involve backtesting:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In hypothetical P&amp;L backtesting and for the total portfolio, two exceptions (a daily loss higher than VaR or a daily gain higher than VaE) were observed in 2025 for VaR at a 99% confidence level, on 9 and 11 April, as a result of high market volatility, mainly driven by uncertainty over the potential impact of new US trade policies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">The exceptions observed in the past year are consistent with the assumptions of the VaR calculation model.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span><br/></span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ia032f756e2bd4e34a25ab01c83fb3290"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">3. Structural balance sheet risks</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="i535548d3a1834127a3a53d0be7295962"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.1. Main aggregates and variations</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Consistent with previous years, the market risk profile of Grupo Santander’s balance sheet remained moderate in 2025 in terms of asset, shareholders’ equity and NII volumes.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each subsidiary’s finance division manages interest rate risk from commercial banking and is responsible for handling structural risk from interest rate fluctuations. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">To measure interest rate risk, Grupo Santander uses statistical models based on strategies to mitigate structural risk with interest-rate instruments (such as bonds and derivatives) to keep risk profile within risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The NII and EVE sensitivities below are based on scenarios of parallel interest rate movements from -100 to +100 basis points.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i2d4b3305f22d496b9104e127c128afe8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural VaR</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With such a homogeneous metric as VaR, Grupo Santander can fully monitor market risk in the banking book (excluding CIB trading activity). The Bank differentiates fixed income based on interest rates and credit spreads in ALCO portfolios, FX rates and shares.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, the structural VaR of Grupo Santander tota</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">l assets and equity is minor</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.941%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td></tr><tr><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Structural VaR 99% with a temporary horizon of one day.</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">598.5</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">662.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">751.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">690.1</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">747.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">687.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">705.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">749.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155.9)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258.4)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(265.6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206.6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(386.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(268.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(444.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Interest Rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158.3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205.8 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.6 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">380.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Exchange Rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">486.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">597.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">648.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572.4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">571.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">580.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Equities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110.1 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146.3 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163.0 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146.7 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150.4 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126.5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes credit spread VaR on ALCO portfolios.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8518a862271b445daf6d058eb5fa985b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural interest rate risk</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Europe</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, net interest income (NII) for our main balance sheets showed positive sensitivity to interest rate increases. As of the same date, the economic value of equity (EVE) showed negative sensitivity to interest rate increases.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">the end of December 2025, under the scenarios previously described, the most significant NII sensitivity risk was concentrated in the euro, at EUR 561 million; the pound sterling, EUR 169 million; the Polish złoty, EUR 51 million; and the US dollar, EUR 50 million, all linked to interest rate cut risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant risk to the economic value of equity was concentrated in the euro yield curve, at EUR 1,087 million; in pound sterling, at EUR 614 million; the Polish złoty, at EUR 275 million euros; and the US dollar, at EUR 104 million euros, all linked to interest rate rise risk.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exposure was moderate in relation to annual budget and capital levels in 2025. </span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">North America</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, net interest income (NII) for our North America balance sheets showed positive sensitivity to interest rate increases in the United States, while showing negative sensitivity to the same scenario in Mexico. In both cases, the economic value of equity (EVE) showed negative sensitivity to interest rate increases.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Exposure was moderate in relation to annual budget and capital levels in 2025.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, significant risk to NII was mainly in the US and amounted to EUR 49 million.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The most significant risk to EVE was in the US and amounted to EUR 570 million.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">South America</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">EVE and NII on our main South American balance sheets are generally positioned for interest rate cuts.</span></div></div></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, exposure across all countries remained moderate in relation to the annual budget and capital levels.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December, the most significant risk to NII was mainly in Brazil (EUR 57 million).</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Most significant risk to EVE was recorded in Brazil (EUR 257 million) and in Chile (EUR 225 million).</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i2b37f6b20c8f4432b2eb51e30f3ede6b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural foreign currency rate risk/results hedging</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander's structural FX risk stems mainly from the income and hedging of foreign currency transactions for permanent financial investments. In the dynamic management of this risk, Grupo Santander aims to limit the impact of FX rate movements on the core capital ratio. In 2025, the hedged of the different currencies that have an impact on our core capital ratio was close to 100%.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In December 2025, the largest permanent exposures (with their potential impact on equity) were, in this order, in pound sterling, US dollars, Brazilian reais, Mexican pesos, Polish zlotys and Chilean pesos.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses FX derivatives to hedge part of those permanent positions. The Finance division manages FX risk and hedging for the expected profits and dividends of subsidiaries whose base currency is not the euro.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i14eb2ea9a129403ba871dd6706dd7559"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander holds equity positions in its banking and trading books. They are either equity instruments or stock, depending on the share of ownership or control. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At the end of December 2025, the equities and shareholdings in the banking book were diversified among Spain, China, Morocco, Poland and other countries. Most of them invest in the financial and insurance sectors. Grupo Santander has minor equity exposure to property and other sectors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Structural equity positions are exposed to market risk. The Group calculates its VaR with a set of market prices and proxies. At the end of the year 2025, VaR at a 99% confidence level over a one-day horizon was</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> EUR </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">147 million (EUR 127 million and EUR 171 million in 2024 and 2023, respectively). </span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i0814151285264dbe8cbf5f41310861ac"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">3.2. Methodologies</span></div><div style="margin-bottom:3pt;margin-top:3pt"><span id="ifd7394a07516488e975975fc35a71247"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural interest rate risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander measures the potential impact of interest rate movements on EVE and NII. Because changing rates may generate impacts, Grupo Santander must manage and control many subtypes of interest rate risk, such as repricing risk, curve risk, basis risk and option risk (e.g. behavioural or automatic).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Interest rate risk in the balance sheet and market conditions and outlooks could necessitate certain financial measures to achieve Grupo Santander's desired risk profile (such as selling positions or setting interest rates on products Grupo Santander markets). </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The metrics Grupo Santander uses to monitor IRRBB include NII and EVE sensitivity to interest rate movements.</span></div></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Net interest income sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Net interest income (NII) is the difference between interest income from assets and the interest cost of liabilities in the banking book over a typical one- to three-year horizon (one year being standard in Grupo Santander). Because NII sensitivity is the difference in income between a selected scenario and the base scenario, its values can be as many as considered scenarios. It enables us to see short-term risks and supplement economic value of equity (EVE) sensitivity.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%;padding-left:3.11pt">Economic value of equity sensitivity</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Economic value of equity (EVE) is the difference between the current value of all assets minus the current value of all liabilities in the banking book. It does not include shareholders’ equity and non-interest-bearing instruments. The sensitivity of the economic value of own funds is obtained as the difference between said economic value calculated with a selected scenario and that calculated with a base scenario.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Because EVE sensitivity is the difference in EVE between a selected scenario and the base scenario, it can have as many values as considered scenarios. It enables us to see long-term risks and supplement NII sensitivity.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i480b1db7bdd34753b2a4fd729f961a83"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural exchange-rate risk/hedging of results</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Every day, Grupo Santander measures FX positions, VaR and P/L.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i497716eef2bc40598b5ea0cddd344c3a"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">Structural equity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander measures equity positions, VaR and P/L.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i961bc18cdc8c4162a13769f6b4b8e8e9"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">4. Liquidity risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Structural liquidity management aims to fund the Group’s recurring activity optimising maturities and costs, while avoiding taking on undesired liquidity risks.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander’s liquidity management is based on the following principles:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Define liquidity risk and provide detailed assessments of current and emerging material liquidity risks.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Define liquidity risk metrics, review and challenge liquidity risk appetite and limits on first line of defence proposals.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Evaluates and challenges commercial/business proposals; It provides senior management and business units with the necessary elements to understand the liquidity risk of Santander's businesses and operations.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Supervise the liquidity risk management of the first line of defence and assess the permanence of businesses within the limits of liquidity risk.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reports on compliance with risk appetite limits and exceptions, if any, to governing bodies.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Provides a consolidated view of liquidity risk exposures and liquidity risk profile.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Confirms the existence of adequate liquidity procedures to manage the business within the limits of risk appetite.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The effective application of these principles by all institutions comprising the Group required the development of a unique management framework built upon three fundamental pillars:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A solid organisational and governance model that supports the involvement of the subsidiaries’ senior management in decision-taking and its integration into the Group’s global strategy. The decision-making process for all structural risks, including liquidity and funding risk, is carried out by local Asset and Liability Committees (ALCOs) in coordination with the global ALCO, which is the body empowered by the Bank's board in accordance with the corporate Asset and Liability Management (ALM) framework.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This governance model has been reinforced as it has been included within Santander's Risk Appetite Framework. This framework meets demands from regulators and market players emanating from the financial crisis to strengthen banks’ risk management and control systems.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">In-depth balance sheet analysis and measurement of liquidity risk, supporting decision-taking and its control. The Group objective is to maintains adequate liquidity levels necessary to cover its short- and long-term needs with stable funding sources, optimising the impact of their costs on the income statement. Grupo Santander’s liquidity risk management processes are contained within a conservative risk appetite framework established in each geographic area in accordance with its commercial strategy. This risk appetite establishes the limits within which the subsidiaries can operate in order to achieve their strategic objectives.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:700;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Management adapted in practice to the liquidity needs of each business. Every year, based on business needs, a liquidity plan is developed which seeks to achieve:</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">a solid balance sheet structure, with a diversified presence in the wholesale markets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">the use of liquidity buffers and limited encumbrance of assets;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.6pt">compliance with both regulatory metrics and other metrics included in each entity’s risk appetite statement.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Over the course of the year, all dimensions of the plan are monitored.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander continues to develop the ILAAP (Internal Liquidity Adequacy Assessment Process), an internal self-assessment of liquidity adequacy which must be integrated into the Group’s other risk management and strategic processes. It focuses on both quantitative and qualitative matters and is used as an input to the SREP (Supervisory Review and Evaluation Process). The ILAAP evaluates the liquidity position both in ordinary and stressed scenarios.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="id4633604db344e14a063b8fe9c44fcf5"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">i.<span id="iddd66a3a1ec04309b6a9f456f1d6c741_12537"></span> Liquidity risk measurement</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses the Basel regulatory definition and calculates a set of metrics and stress scenarios in relation to intraday liquidity risk to maintain a high level of management and control. On the one hand, the regulatory liquidity metrics (LCR, NSFR) are prepared following the regulatory criteria established in the CRR 2 and CRD IV. Regarding internal metrics, liquidity scenarios are determined using a combination of behavioral observation in actual liquidity crises occurred at other banks, regulatory assumptions and expert judgment.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i77ad8137d238491891a980d29f071db8"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">a) Liquidity Coverage Ratio (LCR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The liquidity coverage ratio (LCR) is a regulatory metric. Its purpose is to promote the short-term resilience of a bank’s liquidity profile and make sure it has enough high-quality liquid assets to withstand a considerable idiosyncratic or market stress scenario over 30 calendar days.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i4a2088dc7ebb4c7f94df87c15842a067"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">b) Net Stable Funding Ratio (NSFR)</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The net stable funding ratio (NSFR) is a regulatory metric we use to measure long-term liquidity risk. It is the ratio of available stable funding to required stable funding. It requires banks to keep a robust balance sheet, with off-balance-sheet assets and operations financed by stable liabilities.</span></div><div style="margin-bottom:1pt;margin-top:9pt"><span id="i330076dffb8246c88382ba2f8d64cb3e"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">c) Liquidity buffer</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The liquidity buffer is the total liquid assets a bank has to cope with cash outflows during periods of stress. The assets are free of encumbrances and can be used immediately to generate liquidity without losses or excessive discounts. The liquidity buffer is a tool for calculating most liquidity metrics. It is also a metric with defined limits for each subsidiary.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i12044e75974e499f96d7213ea7b9f141"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">d) Wholesale liquidity metric</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The wholesale liquidity metric measures the number of days Grupo Santander would survive if it used liquid assets to cover lost liquidity from a wholesale deposit run-off (without possible renewal) over a set time horizon. Grupo Santander also uses it as an internal short-term liquidity metric to reduce risk from dependence on wholesale funding.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="iec4cd74039d9440b9a9912f13314a7ea"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">e) Asset Encumbrance metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander calculates two metrics to measure asset encumbrance risk. On the one hand, the asset encumbrance ratio gives the proportion of encumbered assets to total assets; on the other, the structural asset encumbrance ratio gives the proportion of encumbered assets by structural funding transaction (namely long-term collateralized issues and credit transactions with central banks).</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i0082792b661348e4b664760318dd9075"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">f) Other additional liquidity indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition to traditional tools to measure short and long-term liquidity and funding risk, Grupo Santander has a set of additional liquidity indicators to complement those and to measure other non-covered liquidity risk factors. These include concentration metrics, such as the main and the five largest funding counterparties, or the distribution of funding by maturity. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In this sense, deposits do not show a tendency towards concentration, maintaining a stable structure at 31 December 2024, where approximately 75% are transactional and more than 80% of retail deposits are insured by deposit guarantee systems of the different countries.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i130c0a567490429ab6fdabc9d172624c"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">g) Liquidity scenario analysis</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:107%">As liquidity stress tests, five standard scenarios have been defined:</span></div><div><span><br/></span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">i.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:9.97pt">An idiosyncratic scenario of events detrimental only to Santander;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">ii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.94pt">a local market scenario of events highly detrimental to a base country’s financial system or real economy;</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iii.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.91pt">a global market scenario of events highly detrimental to the global financial system; and</span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">iv.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:5.94pt">combined scenario consisting of a combination of more severe idiosyncratic and market events (local and global) occurring simultaneously and interactively. </span></div><div style="margin-bottom:9pt;padding-left:14.17pt;text-indent:-14.17pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">v.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:7.97pt">climate scenarios where different stress cases derived from the effects that climate change could have on the economy are collected.</span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander uses these stress test outcomes as tools to determine risk appetite and support business decision-making.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i8dcf1775dd6b4837967c7719b1605c24"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">h) Liquidity early warning indicators</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Early warning indicator system consists of quantitative and qualitative liquidity indicators that help predict stress situations and weaknesses in the funding and liquidity structure of Grupo Santander entities. External indicators relate to market-based financial variables; internal indicators relate to our own performance.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ibe9667c72272427e9af7cacae183b23b"></span><span style="color:#767676;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">i) Intraday liquidity metrics</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander follows Basel regulation and calculates several metrics and stress scenarios for intraday liquidity risk to maintain a high level of control.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i81e8c762c7a04f59abe3fc3d8615913e"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">ii. Liquidity coverage ratio and net stable financing ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The regulatory requirement for the LCR ratio has been set at 100% since 2018.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below is a breakdown of the Group's liquid assets composition according to the criteria established in the supervisory prudential information (Commission Implementing Regulation (EU) 2017/2114 of 9 November 2017) for the determination of high-quality liquid assets for the calculation of the LCR ratio (HQLA):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash and reserves available at central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150,883 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173,744 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150,912 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,726 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,236 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2B</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,584 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total high-quality liquid assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">337,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">351,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">348,028</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs (numerator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301,618</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315,524</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348,028</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total net cash outflows (denominator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,889</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,892</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash outflows</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">287,044</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">278,760</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">282,982</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash inflows</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,656</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71,871</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73,090</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NSFR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">123</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Since 2024, the calculation of the consolidated LCR ratio has been updated to comply with a series of requirements regarding asset transferability restrictions in third countries. This new consolidated ratio includes an adjustment whereby any excess liquidity above 100% of LCR outflows, which is subject to transferability restrictions (legal or operational) in third countries, is not taken into account. This applies even if the surplus liquidity can be used to cover additional outflows within the country itself, which is not subject to any restrictions.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The total high-quality liquid assets differ from the high-quality liquid assets (HQLAs) considered as the numerator within the consolidated LCR ratio, due to the aforementioned adjustment.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, since 2024, we have been calculating a Group LCR ratio using an internal methodology that determines the minimum common coverage percentage simultaneously across all the Group's markets and considers all existing restrictions on liquidity transfers in third countries. This methodology reflects the Group's resilience to liquidity risk more accurately and the internal ratio presents a level that is consistent with what would be achieved by applying the criteria followed until mid-2024, which did not include restrictions on liquidity transfers between subsidiaries.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Regarding the net stable funding ratio (NSFR), its definition was approved by the Basel Committee in October 2014. The transposition of this requirement into European regulation took place in June 2019 with the publication in the Official Journal of the European Union of Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019. The Regulation establishes that entities must have a net stable funding ratio, as defined in the Regulation, above 100% from June 2021.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As for the funding structure, given the inherently commercial nature of the Group's balance sheet, the loan portfolio is mainly financed by customer deposits. In note 22, 'Debt securities,' the composition of these liabilities is presented based on their nature and classification, the movements and maturity profile of the debt securities issued by the Group, reflecting the strategy of diversification by products, markets, issuers, and terms followed by the Group in its approach to wholesale markets.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5ac3dded9c2b440a9266b0423c0b9a10"></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:700;line-height:121%">iii. Asset encumbrance</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Finally, the moderate use of assets by Grupo Santander as collateral in the sources of structural financing of the balance sheet should be highlighted.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In accordance with the guidelines established by the European Banking Authority (EBA) in 2014 on committed and uncommitted assets, the concept of assets committed in financing transactions (asset encumbrance) includes both on-balance sheet assets provided as collateral in transactions to obtain liquidity and off-balance sheet assets that have been received and reused for similar purposes, as well as other assets associated with liabilities for reasons other than financing.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2025 (EUR billion):</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.574%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Residual maturities of the liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unmatured</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&lt;=1month</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 month<br/>&lt;=3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;3 months<br/>&lt;=12 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 year<br/>&lt;=2 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;2 years<br/>&lt;=3 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 years<br/>&lt;=5 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5 years<br/>&lt;=10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Committed assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Guarantees received committed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reported Group information as required by the EBA at 2025 year-end is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On-balance-sheet encumbered assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of unencumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of unencumbered assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,149.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">304.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,562.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbrance of collateral received</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered collateral received or own debt securities issued</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of collateral received or own debt securities issued available for encumbrance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Collateral received</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185.2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collateral received</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Own debt securities issued other than own covered bonds or ABSs</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbered assets and collateral received and matching liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Matching liabilities, contingent liabilities or securities lent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total sources of encumbrance<br/>(carrying amount)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">472.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">491.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">On-balance-sheet encumbered assets amounted to EUR 304,923 million, of which close to 50% are loans (mortgage loans, corporate loans, etc.). Guarantees received committed amounted to EUR 185,160 million, relating mostly to debt securities received as security in asset purchase transactions and re-used. </span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Taken together, these two categories represent a total of EUR 491,519 million of encumbered assets, which give rise to EUR 472,045 million matching liabilities.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">As</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> of December 2025, total asset encumbrance in funding operations represented 23.1% of the Group’s extended balance sheet under EBA criteria (total assets plus guarantees received: EUR 2,122,932 million), similar to December 2024.</span></div><div style="margin-bottom:6pt;margin-top:9pt"><span id="i300abcc3814d43299c237a56b0bccbc4"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">d) Capital risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The second line of defence can independently challenge business and first-line activities by:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Supervising capital planning and adequacy exercises through a review of the main components affecting the capital ratios.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Identifying key metrics to calculate the Group’s regulatory capital, setting tolerance levels and analysing significant variations, as well as single transactions with impact on capital.</span></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Reviewing and challenging the execution of capital actions proposed in line with capital planning and risk appetite.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander commands a sound solvency position, above the levels required by regulators and by the European Central bank.</span></div><div style="margin-bottom:3pt;margin-top:9pt"><span id="ie664c9da0d6b44e3874d8d25732e8429"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Regulatory capital</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At 31 December 2025, at a consolidated level, the Group must main</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">tain a minimum capital ratio of 9.84% of CET1 ( 4.50% being the requirement for Pillar I, 0.98% being the requirement for Pillar 2R (requirement), 2.50% being the requirement for capital conservation buffer, 1.25% being the requirement for global systemically entity (D-SIB), 0.55% being the requirement for anti-cyclical capital buffer) and a systemic risk requirement of 0.05%</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander must also maintain a minimum capital ratio of 11.66% of tier 1 and a minimum total ratio of 14.10%.</span></div><div style="margin-bottom:9pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In 2025, the solvency target set was achieved. Santander’s CET1 ratio stood at 13.46%</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">1 </span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">at t</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">he close of the year, demonstrating its organic capacity to generate capital. The key regulatory capital figures are indicated below:</span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:53.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Reconciliation of accounting capital with regulatory capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subscribed capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share premium account</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,792 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,700 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Treasury shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Attributable profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Approved dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,698)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,532)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Shareholders’ equity on public balance sheet</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,144</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">135,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">130,443</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,973)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36,596)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,020)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,578 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Equity on public balance sheet</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,037)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,098)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,313)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible preference shares and participating securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,645 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,827)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,611)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,471)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other adjustments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,146)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,817)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,717)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,383</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Figures calculated by applying the transitional provisions of CRR 3.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Assumes 25% of underlying profit, see note 4.a for proposed distribution of results.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Certain figures presented in this capital note have been rounded for ease of presentation. Consequently, the amounts corresponding to the rows or columns of totals in the tables presented in this note may not coincide with the arithmetic sum of the concepts or items that make up the total.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">1 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Data calculated applying the transitional provisions of CRR 3.</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the capital coefficients and a detail of the eligible internal resources of the Group:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Capital coefficients</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,739</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,800</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,741</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,645</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,371</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,418</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,497</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629,430</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">624,503</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">623,731</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary capital coefficient (CET 1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.46 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional capital coefficient (AT1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.53 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 capital coefficient (TIER1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.00 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 capital coefficient (TIER 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.77 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total capital coefficient</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.77</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Common Equity Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,739</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">79,800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Treasure shares and own shares financed</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,892)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,694)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share Premium</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,792 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,663 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other retained earnings</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39,918)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38,617)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,038)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Minority interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,037 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit net of dividends</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,576 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deductions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,863)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,061)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,766)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15,037)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15,957)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17,220)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,826)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,546)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Additional Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,645</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments AT1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,937 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,725 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,461 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AT1-excesses-subsidiaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">708 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">541 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier II</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,460</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments T2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,754 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Excess IRB provision on PE</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">T2-excesses - subsidiaries</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total eligible capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">111,845</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="i5cacc9f189a042df8bf6418019408da5"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Leverage ratio</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Basel III established the leverage ratio as a non-risk sensitive measure aimed at limiting excessive balance sheet growth relative to available capital.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The Group performs the calculation in accordance with Regulation (EU) 2019/876 of 20 May 2019 amending Regulation (EU) No 575/2013 as regards the leverage ratio.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This ratio is calculated as tier 1 capital divided by leverage exposure. Exposure is calculated as the sum of the following items:</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Accounting assets, excluding derivatives and items treated as deductions from tier 1 capital (for example, the balance of loans is included, but not that of goodwill) further excluding the exposures referred to in Article 429.a (1) of the regulation.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Off-balance-sheet items (mainly guarantees, unused credit limits granted and documentary credits) weighted using credit conversion factors.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Inclusion of net value of derivatives (gains and losses are netted with the same counterparty, minus collaterals if they comply with certain criteria) plus a charge for the future potential exposure.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">A charge for the potential risk of security funding transactions.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#ec0000;font-family:'Santander Text ExtraBold',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">•</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;padding-left:3.11pt">Lastly, it includes a charge for the risk of credit derivative swaps (CDS).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">With the publication of Regulation (EU) 2019/876 of 20 May, 2019, amending Regulation (EU) n.º 575/2013 as regards the leverage ratio, the final calibration of the ratio is set at 3% for all entities and, for systemic entities G-SIB, is established an additional surcharge which would be 50% of the cushion ratio applicable to the EISM, applicable from January 2023. In addition, modifications are included in its calculation, including the exclusion of certain exposures from the total exposure measure: public loans when exceptional circumstances arise, public loans, transfer loans and officially guaranteed export credits, transfer loans and officially guaranteed export credits.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,385 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,170 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,742 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exposure</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924,349 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,885,572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,826,922 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage Ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.90 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.78 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.69 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:3pt"><span id="if5d8b6ca095b4d51accfab867239f9b2"></span><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:9.5pt;font-weight:700;line-height:110%">Global systemically important banks</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Grupo Santander is one of 29 banks designated as global systemically important banks (G-SIBs).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The designation as a globally systemic entity comes from a measurement established by the regulators (FSB and BCBS) that they have implemented based on five indicators (size, interjurisdictional activity, interconnection with other financial entities, substitutability and complexity). The list uses data as of the end of 2024 and is based on a methodology agreed in July 2018 and implemented for the first time in the assessment of G-SIBs as of the end of 2021, incorporating, among other things, an additional score considering the Member States of the SRM as a single jurisdiction.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This definition means it has to fulfil certain additional requirements, which consist mainly of a capital buffer (1%), in TLAC requirements (total loss absorbing capacity), that Grupo Santander has to publish relevant information more frequently than other banks, greater regulatory requirements for internal control bodies, special supervision and drawing up of special reports to be submitted to supervisors.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Additionally, Grupo Santander appears both on the list of global systemic entities and on the list of domestic systemic entities. Bank of Spain, based on rule 23 of Circular 2/2016, requires the application of the highest of the two corresponding buffers, in the case of Grupo Santander being the domestic one, 1.25%, a surcharge payable by 2025.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The fact that Grupo Santander has to comply with these requirements makes it a more solid bank than its domestic rivals.</span></div></div></div> 3 3 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Below are the main aggregates relating to credit risk from our activities with customers:</span></div><div style="margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:18.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.649%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Main credit risk performance metrics from activity with customers</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit risk with customers <br/>(EUR million)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit impaired</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(EUR million)</span></div></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%)</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">305,156</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">288,162</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">280,629</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,915</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,677</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,531</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.94</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.66</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.04</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">248,061</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247,360</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,645</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,299</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.08</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.33</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.42</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,760</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,573</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,455</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">948</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,014</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.27</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.41</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,039</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">141,312</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,608</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,642</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,527</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,877</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.53</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.12</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">148,488</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">149,907</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,894</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,012</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,303</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.82</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.68</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.57</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53,476</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49,927</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52,785</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,420</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,352</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,489</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.65</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.71</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.82</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118,546</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">116,247</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126,722</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,010</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,090</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,923</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.76</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.10</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.25</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,146</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,590</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,565</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,528</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,394</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,332</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.73</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.37</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.01</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,813</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,411</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,903</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">677</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">173</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.68</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.06</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.99</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,340</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,256</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,206</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">327</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">360</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">302</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.50</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.89</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.67</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,159,180</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,134,418</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,115,288</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">33,739</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,383</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34,671</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.91</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.03</span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.11</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr></table></div><div style="text-indent:10.91pt"><span><br/></span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.723%"><tr><td style="width:1.0%"></td><td style="width:18.632%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.653%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.662%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NPL coverage ratio </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(%) </span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net loan-loss provisions</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%"><br/>(EUR million)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Cost of risk <br/>(%/risk)</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">D</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Spain</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">49</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,142</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,259</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,522</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.43</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.50</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.61</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">UK</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.07</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.10</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Portugal</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">78</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.02)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.19</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Openbank Europe</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">87</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,363</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,209</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">792</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.97</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.88</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.62</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">55</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">64</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,244</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,507</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,593</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.62</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.82</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.92</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Mexico</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,239</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,277</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,135</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.69</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.43</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Brazil</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">81</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">83</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,409</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,487</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,701</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.17</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.03</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.27</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Chile</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">531</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">497</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">365</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.32</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.19</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.80</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Argentina</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">166</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">574</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.34</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.59</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.64</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporate Centre</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">24</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">34</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(3)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(2)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2.79</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.05)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(0.04)</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Group</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">64</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,128</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,822</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,784</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.14</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.12</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.13</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. Data for 2025, 2024 and 2023 reflect the new reporting structure. Management perimeter according to the reported segments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Includes gross loans and advances to customers, guarantees. impaired undrawn customer balances and debt securities issued by non-financial institutions.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C. Loan-loss provisions net of post write-off recoveries (EUR 1,791 million in 2025).</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D. Provisions to cover losses due to impairment of loans in the last 12 months / average customer loans and advances of the last 12 months.</span></div> 305156000000 288162000000 280629000000 5915000000 7677000000 8531000000 0.0194 0.0266 0.0304 244303000000 248061000000 247360000000 2645000000 3299000000 3518000000 0.0108 0.0133 0.0142 47760000000 44573000000 42455000000 948000000 1014000000 1024000000 0.0199 0.0227 0.0241 144039000000 141312000000 135608000000 3642000000 3527000000 2877000000 0.0253 0.0250 0.0212 148488000000 149907000000 137894000000 7150000000 7012000000 6303000000 0.0482 0.0468 0.0457 53476000000 49927000000 52785000000 1420000000 1352000000 1489000000 0.0265 0.0271 0.0282 118546000000 116247000000 126722000000 8010000000 7090000000 7923000000 0.0676 0.0610 0.0625 44146000000 44590000000 46565000000 2528000000 2394000000 2332000000 0.0573 0.0537 0.0501 8813000000 8411000000 3903000000 677000000 173000000 78000000 0.0768 0.0206 0.0199 9340000000 9256000000 8206000000 327000000 360000000 302000000 0.0350 0.0389 0.0367 1159180000000 1134418000000 1115288000000 33739000000 34383000000 34671000000 0.0291 0.0303 0.0311 0.55 0.53 0.49 1142000000 1259000000 1522000000 0.0043 0.0050 0.0061 0.33 0.29 0.30 177000000 64000000 247000000 0.0007 0.0003 0.0010 0.81 0.78 0.83 -8000000 11000000 77000000 -0.0002 0.0003 0.0019 0.87 0.83 0.88 1363000000 1209000000 792000000 0.0097 0.0088 0.0062 0.55 0.64 0.68 2244000000 2507000000 2593000000 0.0162 0.0182 0.0192 1.05 1 1 1239000000 1277000000 1135000000 0.0269 0.0264 0.0243 0.81 0.79 0.83 4409000000 4487000000 4701000000 0.0417 0.0403 0.0427 0.48 0.50 0.53 531000000 497000000 365000000 0.0132 0.0119 0.0080 0.90 1.77 1.66 574000000 284000000 150000000 0.0734 0.0459 0.0664 0.24 0.25 0.34 198000000 -3000000 -2000000 0.0279 -0.0005 -0.0004 0.66 0.64 0.66 12128000000 11822000000 11784000000 0.0114 0.0112 0.0113 1791000000 3 0.94 In addition, depending on the transactions credit quality, the exposure is divided into four categories according to Standard &amp; Poor's rating scale:<div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.6pt solid #ffffff;padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">112,795 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,243 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">115,038 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">367,186 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,393 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381,579 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">291,014 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,363 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">335,376 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,114 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,275 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">56,503 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">779,109</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,112</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,275</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">888,496</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,068</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,698</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,177</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,942</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,394 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,564 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,958 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">411,158 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,678 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">426,837 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">276,422 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42,456 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318,878 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,385 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,273 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">58,291 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">800,360</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">77,330</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31,273</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">908,963</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,184</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,512</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,938</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,635</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%"> </span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.242%"><tr><td style="width:1.0%"></td><td style="width:27.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.768%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140,792 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,237 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143,029 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">404,184 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,746 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">417,930 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">250,619 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,979 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">290,599 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,633 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,846 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,455 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,933 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">807,228</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,808</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">32,455</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">914,491</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-losses reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,463</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,883</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,404</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21,750</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div>Data for 2025, 2024 and 2023 reflect the new reporting structure, mainly the disposal of Poland. <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,963 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">381 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,344 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152,981</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,529 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">162,510 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,630</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,770 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26,400 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">615</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,475 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,092 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">200,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">19,295</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,475</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">222,346</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">163</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">319</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">373</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">855</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,012 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,184 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,196 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">159,970</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,916</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">170,886 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,594 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,175 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,769 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">695 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,292 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,999 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">209,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">23,970</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">236,850</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">401</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">400</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">967</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,236 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,273 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">47,509 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">145,884</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,850</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">156,734 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,588 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,995 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,583 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,518 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,708</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">26,118</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,518</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">235,344</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">498</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">396</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,066</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes. </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div> In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:<div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,407 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,578 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,001</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,453</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110,454 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,089 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,262 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">45,351 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,189</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,680</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,761 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,630 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183,686</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,566</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,761</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">201,013</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">382</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">483</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,204</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,069</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,347 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">35,457 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104,197</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,124</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">105,321 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37,413 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,844 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,257 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,084</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,199</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,618 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,901 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">179,041</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,618</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">198,936</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">340</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">570</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,953</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,863</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="margin-bottom:3pt;padding-left:11.34pt;text-indent:-11.34pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:30.998%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.877%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,827 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">48 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">46,875 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,079</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">780</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,859 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,905 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,789 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,694 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,513 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,517 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,536 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #A6A6A6;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,566</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">183,324</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,134</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,536</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">205,994</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">300</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">663</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,959</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,922</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.7pt">Includes provisions for undrawn authorized lines </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:115%">(loan commitments).</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail of Santander Bank, National Association exposure and loan-loss reserves associated with each of the stages at 31 December, 2025, 2024 and 2023 is shown below. In addition, the exposure is divided in four tranches of the Standard &amp; Poor's rating scale, according to their current credit quality:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,622 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,646 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,352</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">728</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,080</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,758</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,459</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,217</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">779</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">861</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,158</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,798</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">38,511</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,072</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,158</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">45,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">277</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">325</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">804</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:14.17pt;text-indent:-14.17pt"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,215 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">277 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,492 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,422</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">930</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">22,352</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,899</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,855</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,754</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">482</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,130 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,645</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">47,569</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,130</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">54,243</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">292</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">364</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">838</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:9.07pt;text-indent:8.93pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">    </span></div><div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:34.085%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,834 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,910 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,468</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">459</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,927 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,312 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,439 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28,751 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">52</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">450</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">894 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,396 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">50,666</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,424</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">894</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">55,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">335</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">885</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.54pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.48pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPO, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:5.7pt">Includes provisions for undrawn authorized lines (loan commitments).    </span></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">54 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,167 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">947 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,114 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,577 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,871 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,588 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,036 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,798</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,818</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,588</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">25,204</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">419</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">910</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,688</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,017</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">202 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,802</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">451</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,253 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,259</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,226</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,729 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,214 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">20,263</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,677</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,729</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">30,669</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">630</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,006</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,908</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,544</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves by stage</span></div></td></tr><tr><td colspan="15" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,120</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">395</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,515 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,754</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,237</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,272 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,263 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,973</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,632</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,272</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28,877</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">597</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,019</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,712</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,328</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="12" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,898 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,513 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,411 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29,179</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,253</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30,432 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,089 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,035 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43,124 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,217 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,801 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,151 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,169 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">83,383</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,602</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,151</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,136</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">648</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,128</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,216</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,992</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19,557 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">970 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,527 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">32,824</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,637</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,461 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33,655 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,285 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,940 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">423 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,808 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,382 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,613 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">86,459</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,700</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,382</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">103,541</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">687</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">860</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3,766</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,313</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:33.467%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.258%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.259%"></td><td style="width:0.1%"></td></tr><tr><td colspan="15" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure and loan-loss reserves</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Credit quality </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stage 3</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From AAA to AA-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,670 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">468 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21,138 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From A+ to BB</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,869</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">751</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">From BB- to B-</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,107 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,177 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,284 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">CCC and below</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,153 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3,735 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,479 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,367 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total exposure</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">96,799</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,131</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,479</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">113,409</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan-loss reserves</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">722</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,078</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,538</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,338</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Detail of credit quality ratings calculated for Group management purposes.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.23pt">Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.</span></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:1.45pt">Includes provisions for undrawn authorized lines (loan commitments).</span></div> 4 112795000000 2243000000 0 115038000000 367186000000 14393000000 0 381579000000 291014000000 44363000000 0 335376000000 8114000000 17114000000 31275000000 56503000000 779109000000 78112000000 31275000000 888496000000 -3068000000 -4698000000 -13177000000 -20942000000 102394000000 2564000000 0 104958000000 411158000000 15678000000 0 426837000000 276422000000 42456000000 0 318878000000 10385000000 16633000000 31273000000 58291000000 800360000000 77330000000 31273000000 908963000000 -3184000000 -4512000000 -12938000000 -20635000000 140792000000 2237000000 0 143029000000 404184000000 13746000000 0 417930000000 250619000000 39979000000 0 290599000000 11633000000 18846000000 32455000000 62933000000 807228000000 74808000000 32455000000 914491000000 -3463000000 -4883000000 -13404000000 -21750000000 93731000000 89094000000 3528000000 1109000000 80541000000 2534000000 874000000 68788000000 1504000000 658000000 -759000000 -213000000 -152000000 -394000000 -165000000 -117000000 -295000000 -199000000 -73000000 -161000000 834911000000 665476000000 598385000000 334000000 559000000 743000000 244303000000 0.21 0.0108 0.0025 192047000000 0.21 0.50 0.02 0.09 0.0087 0.0020 0.82 0.70 4 29963000000 381000000 0 30344000000 152981000000 9529000000 0 162510000000 17630000000 8770000000 0 26400000000 2000000 615000000 2475000000 3092000000 200576000000 19295000000 2475000000 222346000000 -163000000 -319000000 -373000000 -855000000 32012000000 1184000000 0 33196000000 159970000000 10916000000 0 170886000000 17594000000 11175000000 0 28769000000 12000000 695000000 3292000000 3999000000 209588000000 23970000000 3292000000 236850000000 -166000000 -401000000 -400000000 -967000000 46236000000 1273000000 0 47509000000 145884000000 10850000000 0 156734000000 13588000000 13995000000 0 27583000000 0 0 3518000000 3518000000 205708000000 26118000000 3518000000 235344000000 -172000000 -498000000 -396000000 -1066000000 4 The evolution forecasted in 2025 for the next five years of the main macroeconomic indicators used by Santander UK to estimate expected losses is presented below:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:25.834%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.166%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.168%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026 - 2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.02</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div>The projected evolution for a period of five years of the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2025, is presented below:<div style="margin-bottom:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.961%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.964%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario </span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario </span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Housing price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div>The evolution projected in 2025 for a period of five years of the main macroeconomic indicators used Santander Bank, National Association to estimate expected losses is presented below:<div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.826%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim growth</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The evolution forecasted in 2025 for a period of five years of the main macroeconomic indicators used by in SC USA in the estimation of expected losses is shown below:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.361%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.053%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.441%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 2</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario 1</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Manheim</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> index</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.1)</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. US used vehicle price car index. </span></div>The evolution for a period of five years of the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows:<div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2026-2030</span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Variables</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Pessimistic scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Base scenario</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Optimistic scenario</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate (annual averaged)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Unemployment rate</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.0</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">House price change</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">GDP growth</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Burden income</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27.0</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.8</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.1</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div> P5Y 0.024 0.035 0.033 0.030 0.073 0.058 0.045 0.042 -0.029 -0.002 0.029 0.044 -0.0002 0.002 0.014 0.024 In addition, at 31 December 2025, 2023 and 2022, the weights used by Santander UK reflect the future prospects of the British economy in relation to its current political and economic position so that higher weights are assigned for negative scenarios:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 3</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div>As for its allocation, Santander Spain associates the Base scenario with the highest weight, while associating the lower weights to the most extreme scenarios:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div>As for its allocation, Santander Bank, National Association associates the highest weighting to the Base scenario, while associates the lowest weightings to the most extreme scenarios:<div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Each of the macroeconomic scenarios is associated with a given weight. Santander Consumer USA Inc. associates the highest weighting to the Base scenario, whereas it associates the lowest weightings to the most extreme or acid scenarios:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.974%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.876%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">33 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div>Regarding its assignation, Brazil links the highest weight to the base scenario whilst links the lowest weights to the most extreme scenarios:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:36.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.580%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pessimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Base scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">75 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Optimistic scenario</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table> 0.20 0.20 0.10 0.10 0.10 0.25 0.25 0.10 0.50 0.50 0.50 0.15 0.15 0.10 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, as of December 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:54.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.191%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.192%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.5</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios, at December 31 2025, is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:44.270%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.494%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Others</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.6</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.4</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.0</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.7</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:115%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios as of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:32.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.123%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in Provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Mortgages</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Corporates</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Auto</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP Growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.6%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.6%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.7%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.0%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Housing price change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">26.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(12.9%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9.3%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2.5%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(41.6%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(25.9%)</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7.9%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">53.9%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39.5%</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.8%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">—%</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4%)</span></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios at the end of 2025 is as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.546%"><tr><td style="width:1.0%"></td><td style="width:59.812%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.988%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">SC Auto</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Manheim index</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment Rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.9%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">House Price Change</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.1%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.2%)</span></td></tr></table></div><div style="margin-bottom:6pt;text-indent:-0.01pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The sensitivity analysis of the main portfolios expected loss to variations of +/-100 bp for the macroeconomic variables used in the construction of the scenarios is at the end of 2025 as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Change in provision</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Individuals</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">SME</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">GDP growth</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.4</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unemployment rate</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3.8</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4.5</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.2</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3</span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate (SELIC)</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">-100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.9</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%)</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">+100 bps</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.7</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div> 0.116 0.039 -0.029 -0.014 0.073 0.060 -0.035 -0.016 -0.123 -0.025 0.237 0.057 1 P30D 305156000000 0.26 0.0194 0.0072 0.55 0.0002 0.0043 0.0007 60002000000 59316000000 61097000000 0.9964 0.9965 0.9965 60002000000 625000000 215000000 7000000 59787000000 618000000 59316000000 789000000 208000000 11000000 59108000000 778000000 61097000000 924000000 215000000 16000000 60882000000 908000000 0.0103 0.0029 0.012 0.22 0.24 0.24 0.94 0.80 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Breakdown of the credit with mortgage guarantee to households for house acquisition, according to the percentage that the total risk represents on the amount of the latest available valuation (loan to value):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.131%"><tr><td style="width:1.0%"></td><td style="width:31.735%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.095%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="18" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loan to value ratio</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Less than or equal to 40%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 40% and less than 60%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 60% and less than 80%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 80% and less than or equal to 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">More than 100%</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gross amount</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,191 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20,310 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,811 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,812 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">663 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">59,787 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which impaired</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">122 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">158 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">151 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">84 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">103 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">618 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">At year-end, the distribution of this portfolio was as follows:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:67.109%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR Million</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Loans: gross amount</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1. Without mortgage guarantee</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2. With mortgage guarantee</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2,970 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 Completed buildings</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">976 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">658 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">318 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 Buildings and other constructions under construction</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,981 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.1 Residential</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,913 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2.2 Other</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 Land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.1 Developed consolidated land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3.2 Other land</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,984</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The detail, by activity and geographical area of the Group's risk concentration at 31 December 2025 is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:42.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.159%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.161%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Spain</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Other EU countries</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">America</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Rest of the world</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Central banks and Credit institutions</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">326,316 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61,256 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">71,853 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">119,532 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">73,675 </span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Public sector</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">267,765 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">82,131 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">62,620 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">109,109 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13,905 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">239,153 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">66,479 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">57,468 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">101,768 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,438 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other central government</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">28,612 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,652 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,152 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,341 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">467 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other financial institutions (financial business activity)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">207,044 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,301 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50,819 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">101,600 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38,324 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-financial companies and individual entrepreneurs (non-financial business activity) (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">447,496 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">103,836 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,760 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">188,078 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">60,822 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Construction and property development</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">20,322 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,130 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,090 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">9,396 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,706 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Civil engineering construction</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,128 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,835 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,740 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,468 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">85 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Large companies</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">291,515 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">53,841 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">63,635 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">127,003 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">47,036 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">SMEs and individual entrepreneurs</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">130,531 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">44,030 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27,295 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">50,211 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,995 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Households – other (broken down by purpose)</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">543,928 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,602 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,262 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">142,560 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">214,504 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Residential</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">333,552 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">61,818 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">27,030 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">46,605 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">198,099 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Consumer loans</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">192,746 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,784 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">69,670 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">87,491 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">15,801 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Other purposes</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">17,630 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,000 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,562 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,464 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">604 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,792,549</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">352,126</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">378,314</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">660,879</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">401,230</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span>For the purposes of this table, the definition of risk includes the following items in the public balance sheet: 'Loans and advances to credit institutions', 'Loans and advances to Central Banks', 'Loans and advances to Customers', 'Debt securities', 'Equity Instruments', 'Trading Derivatives', 'Hedging derivatives', 'Investments and financial guarantees given'. 17191000000 20310000000 18811000000 2812000000 663000000 59787000000 122000000 158000000 151000000 84000000 103000000 618000000 99395000000 -0.101 0.33 0.41 25428000000 10857000000 0.036 0.0410 0.0097 2545000000 2433000000 2327000000 0 0 1000000 -441000000 -112000000 -115000000 2000000 0 8000000 2984000000 2545000000 2433000000 0.0104 0.0228 0.0304 0.3548 0.3621 0.3919 2984000000 211000000 -17000000 31000000 0 -11000000 240000000 240609000000 1867515000000 -1086000000 14000000 2970000000 976000000 658000000 318000000 1981000000 1913000000 68000000 13000000 9000000 4000000 2984000000 1898000000 2131000000 2448000000 4258000000 4823000000 5506000000 2360000000 2692000000 3058000000 3843000000 2144000000 1591000000 1699000000 481000000 324000000 282000000 157000000 129000000 71000000 60000000 58000000 352000000 253000000 222000000 99000000 107000000 49000000 35000000 58000000 0 0 0 0 107000000 49000000 35000000 58000000 3255000000 1771000000 1274000000 1484000000 776000000 429000000 260000000 347000000 2479000000 1342000000 1014000000 1137000000 334000000 172000000 119000000 162000000 81000000 44000000 36000000 37000000 4258000000 2360000000 1746000000 1898000000 36000000 10000000 100000000 100000000 300000000 700000000 800000000 1200000000 -600000000 -700000000 -900000000 4 35407000000 171000000 0 35578000000 109001000000 1453000000 0 110454000000 37089000000 8262000000 0 45351000000 2189000000 1680000000 5761000000 9630000000 183686000000 11566000000 5761000000 201013000000 -382000000 -483000000 -2204000000 -3069000000 35347000000 110000000 0 35457000000 104197000000 1124000000 0 105321000000 37413000000 8844000000 0 46257000000 2084000000 3199000000 6618000000 11901000000 179041000000 13277000000 6618000000 198936000000 -340000000 -570000000 -2953000000 -3863000000 46827000000 48000000 46875000000 101079000000 780000000 101859000000 33905000000 9789000000 43694000000 1513000000 4517000000 7536000000 13566000000 183324000000 15134000000 7536000000 205994000000 -300000000 -663000000 -2959000000 -3922000000 P5Y 0.027 0.025 0.023 0.121 0.097 0.082 0.033 0.041 0.047 0.002 0.016 0.024 0.30 0.30 0.30 0.40 0.40 0.40 0.30 0.30 0.30 0.085 0.011 0.021 -0.036 -0.009 -0.019 0.084 0.015 0.034 -0.067 -0.007 -0.018 -0.060 -0.015 -0.037 0.147 0.018 0.047 P30D 148488000000 0.128 0.0482 0.0014 0.0162 -0.0020 46677000000 0.04 -0.15 0.0260 0.0044 0.0093 7 4 1622000000 24000000 0 1646000000 7352000000 728000000 0 8080000000 28758000000 4459000000 0 33217000000 779000000 861000000 1158000000 2798000000 38511000000 6072000000 1158000000 45741000000 -277000000 -325000000 -202000000 -804000000 4215000000 277000000 0 4492000000 21422000000 930000000 0 22352000000 21899000000 3855000000 0 25754000000 33000000 482000000 1130000000 1645000000 47569000000 5544000000 1130000000 54243000000 -292000000 -364000000 -182000000 -838000000 4834000000 76000000 0 4910000000 20468000000 459000000 0 20927000000 25312000000 3439000000 0 28751000000 52000000 450000000 894000000 1396000000 50666000000 4424000000 894000000 55984000000 -409000000 -335000000 -141000000 -885000000 4 P5Y 0.018 0.026 0.032 0.030 0.064 0.050 0.042 0.037 0.002 0.007 0.013 0.021 0.017 0.019 0.020 0.027 -0.006 -0.001 0.003 0.001 0.18 0.18 0.18 0.20 0.20 0.20 0.33 0.33 0.33 0.30 0.30 0.30 0.136 0.109 0.028 -0.106 -0.077 -0.020 0.269 0.187 0.050 -0.129 -0.093 -0.025 -0.416 -0.259 -0.079 0.539 0.395 0.118 0 0 0.018 0 0 -0.014 0.0120 0.0020 P30D 25318000000 0.022 -0.170 0.2208 0.0340 0.0610 -0.0050 0.53 -0.0885 4 0 0 0 0 54000000 0 0 54000000 10167000000 947000000 0 11114000000 3577000000 4871000000 5588000000 14036000000 13798000000 5818000000 5588000000 25204000000 -419000000 -910000000 -1688000000 -3017000000 0 0 0 0 202000000 0 0 202000000 12802000000 451000000 0 13253000000 7259000000 4226000000 5729000000 17214000000 20263000000 4677000000 5729000000 30669000000 -630000000 -1006000000 -1908000000 -3544000000 0 0 0 0 99000000 0 0 99000000 12120000000 395000000 0 12515000000 6754000000 4237000000 5272000000 16263000000 18973000000 4632000000 5272000000 28877000000 -597000000 -1019000000 -1712000000 -3328000000 4 P5Y P5Y 0.018 0.026 0.032 0.030 0.064 0.050 0.042 0.037 0.002 0.007 0.013 0.021 0.017 0.019 0.020 0.027 -0.006 -0.001 0.003 0.001 0.18 0.18 0.18 0.20 0.20 0.20 0.33 0.33 0.33 0.30 0.30 0.30 0.010 -0.008 -0.049 0.070 0.031 -0.016 0.017 -0.012 P30D 118546000000 0.025 0.020 0.10 0.0610 0.0676 0.790 0.810 4409000000 -0.02 0.0403 0.0417 0.37 0.29 0.26 4 16898000000 1513000000 0 18411000000 29179000000 1253000000 0 30432000000 36089000000 7035000000 0 43124000000 1217000000 3801000000 7151000000 12169000000 83383000000 13602000000 7151000000 104136000000 -648000000 -1128000000 -4216000000 -5992000000 19557000000 970000000 0 20527000000 32824000000 1637000000 0 34461000000 33655000000 5285000000 0 38940000000 423000000 2808000000 6382000000 9613000000 86459000000 10700000000 6382000000 103541000000 -687000000 -860000000 -3766000000 -5313000000 20670000000 468000000 0 21138000000 38869000000 751000000 0 39620000000 36107000000 4177000000 0 40284000000 1153000000 3735000000 7479000000 12367000000 96799000000 9131000000 7479000000 113409000000 -722000000 -1078000000 -4538000000 -6338000000 3 P5Y 0.115 0.109 0.103 0.080 0.065 0.054 0.011 0.059 0.103 -0.002 0.019 0.038 0.270 0.268 0.261 0.13 0.13 0.10 0.75 0.75 0.80 0.13 0.13 0.10 0.013 0.029 0.026 -0.007 -0.013 -0.014 -0.019 -0.038 -0.045 0.028 0.062 0.063 -0.006 -0.016 -0.009 0.017 0.040 0.035 0.10 0.25 20 0.053 40 0.084 326316000000 61256000000 71853000000 119532000000 73675000000 267765000000 82131000000 62620000000 109109000000 13905000000 239153000000 66479000000 57468000000 101768000000 13438000000 28612000000 15652000000 5152000000 7341000000 467000000 207044000000 16301000000 50819000000 101600000000 38324000000 447496000000 103836000000 94760000000 188078000000 60822000000 20322000000 4130000000 2090000000 9396000000 4706000000 5128000000 1835000000 1740000000 1468000000 85000000 291515000000 53841000000 63635000000 127003000000 47036000000 130531000000 44030000000 27295000000 50211000000 8995000000 543928000000 88602000000 98262000000 142560000000 214504000000 333552000000 61818000000 27030000000 46605000000 198099000000 192746000000 19784000000 69670000000 87491000000 15801000000 17630000000 7000000000 1562000000 8464000000 604000000 1792549000000 352126000000 378314000000 660879000000 401230000000 4908000000 0.012 17002000000 0.040 <div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Our investment strategy for sovereign risk considers country’s credit quality to set the maximum exposure limits. The following table shows the percentage of exposure by rating</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.59pt;font-weight:400;line-height:130%;position:relative;top:-3.01pt;vertical-align:baseline">A</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:43.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.420%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Exposure distribution by rating</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AAA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">21 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AA</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">43 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Less than BBB</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div><div style="margin-bottom:9pt;padding-left:11.34pt;text-indent:-11.34pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:5.85pt">Internal ratings are applied.</span></div></div> 0.18 0.21 0.18 0.17 0.18 0.19 0.43 0.41 0.41 0.14 0.11 0.12 0.09 0.09 0.10 3852000000 112000000 58044000000 0 62008000000 56293000000 -659000000 1199000000 6767000000 0 7307000000 7652000000 2875000000 440000000 12557000000 0 15872000000 12915000000 0 0 0 0 0 0 -38000000 0 0 0 -38000000 0 3684000000 254000000 10443000000 0 14381000000 6212000000 907000000 1001000000 5687000000 0 7595000000 8772000000 1141000000 6339000000 13333000000 0 20813000000 14286000000 8000000 0 526000000 0 534000000 954000000 4783000000 4320000000 15943000000 0 25046000000 24926000000 8089000000 9533000000 8543000000 0 26165000000 26641000000 10663000000 7652000000 7599000000 0 25914000000 21642000000 676000000 2666000000 5254000000 0 8596000000 6900000000 2593000000 1654000000 2151000000 0 6398000000 4431000000 211000000 17000000 4128000000 0 4356000000 7003000000 38785000000 35187000000 150975000000 0 224947000000 198627000000 25235000000 0.53 0.41 0.47 0 0 0 0 0 0 0 14 6000000 9 7000000 5000000 0 -8000000 933 94000000 462 182000000 117000000 15000000 -94000000 489192 5095000000 42700 5596000000 3271000000 923000000 -2713000000 249 21000000 523 739000000 695000000 4000000 -75000000 3000071 4556000000 515253 9699000000 3752000000 3777000000 -3665000000 3490210 9751000000 558424 15484000000 7145000000 4715000000 -6480000000 13499 261000000 4630 566000000 406000000 14000000 -171000000 0 0 0 0 0 0 0 5 2000000 9 7000000 5000000 0 -8000000 579 50000000 259 75000000 22000000 11000000 -89000000 296008 2901000000 26767 2585000000 1166000000 420000000 -2420000000 167 3000000 264 156000000 115000000 4000000 -50000000 1620343 2401000000 296470 5313000000 1730000000 2232000000 -2991000000 1916935 5354000000 323505 7980000000 2923000000 2663000000 -5508000000 6901 120000000 1720 235000000 110000000 5000000 -145000000 3031000000 3940000000 2092000000 2950000000 P90D 0.47 0.47 0.26 0.41 P2Y P520D 152281000000 152281000000 252318000000 252318000000 7761000000 5815000000 1946000000 8046000000 8046000000 74612000000 2281000000 72331000000 1202689000000 1202689000000 3931000000 3931000000 50000000 50000000 165827000000 1867515000000 171546000000 171546000000 42148000000 42148000000 1421184000000 1421184000000 4248000000 4248000000 49000000 49000000 115592000000 1754767000000 112748000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table displays the latest and average VaR values at 99% by risk factor over the last three years. It also shows the minimum and maximum VaR values in 2025 and 97.5% ES at the end of December 2025:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span><br/></span></div></div></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:22.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.540%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.201%"></td><td style="width:0.1%"></td></tr><tr><td colspan="36" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:justify"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">VaR statistics and expected shortfall by risk factor</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:5.85pt;font-weight:700;line-height:105%;position:relative;top:-3.15pt;vertical-align:baseline">A</span></div></td></tr><tr><td colspan="36" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. VaR at 99% and ES at 97.5% with one day time horizon</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #ec0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="12" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR (99%)</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">ES (97.5%)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">VaR</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="margin-bottom:1pt;text-align:justify"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></div></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Trading</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">29.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(59.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(19.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Europe</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">28.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.0)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(32.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(10.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(13.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">19.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Credit spread</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.3 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total North America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1.1)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.8)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="background-color:#ffffff;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 7pt 0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total South America</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3.2</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.6</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.8</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.3</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(0.3)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(28.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.9)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5.5)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.2)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.8 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange rate</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Commodities</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.3 </span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.6 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.6 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A. In South and North America, VaR levels of credit spreads and commodities are not shown separately due to their low or null materiality.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">In general, the structural VaR of Grupo Santander tota</span><span style="background-color:#ffffff;color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">l assets and equity is minor</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">.</span></div><div style="margin-bottom:3pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:23.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.941%"></td><td style="width:0.1%"></td></tr><tr><td colspan="27" style="border-bottom:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td></tr><tr><td colspan="27" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million. Structural VaR 99% with a temporary horizon of one day.</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Min</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Max</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Average</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Latest</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Structural VaR</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">598.5</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">662.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">751.9</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">690.1</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">747.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">687.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">705.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:1pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">749.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:1pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Diversification effect</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(155.9)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(258.4)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(265.6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(206.6)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(386.4)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(268.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(416.6)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(444.7)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Interest Rate</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">158.3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.3 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">205.8 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">177.6 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">412.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">235.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">380.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Exchange Rate</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">486.0 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">597.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">648.7 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">572.4 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">571.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">594.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">580.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">642.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">VaR Equities</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">110.1 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146.3 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">163.0 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">146.7 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">150.4 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">126.5 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">192.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">171.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:18pt;padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt"> Includes credit spread VaR on ALCO portfolios.</span></div> 0.99 0.975 0.99 0.975 P1D 0.99 0.975 9600000 17600000 29200000 18700000 16900000 17100000 18700000 11700000 13500000 -10700000 -21000000.0 -59300000 -17700000 -18900000 -19800000 -27300000 -14900000 -17100000 11200000 16500000 23000000.0 15300000 16400000 17000000.0 20200000 12200000 11100000 2400000 6500000 10800000 8100000 7500000 6000000.0 9500000 3200000 6000000.0 3300000 7400000 37500000 6300000 5800000 5800000 5900000 5300000 4800000 3200000 5700000 10200000 4800000 4800000 4900000 5300000 4300000 6100000 200000 2500000 7000000.0 1900000 1300000 3200000 5100000 1600000 2600000 9600000 15000000.0 28200000 13200000 13200000 12700000 16000000.0 9400000 11800000 -8900000 -18000000.0 -32400000 -15900000 -17800000 -15400000 -18400000 -10500000 -13800000 9000000.0 13300000 19200000 11400000 13300000 12000000.0 14400000 9100000 8200000 2700000 6400000 11000000.0 7400000 7100000 5900000 8800000 2800000 5800000 3700000 7300000 19700000 5300000 5700000 5100000 5800000 3500000 5200000 3000000.0 5800000 10400000 4900000 4800000 4900000 5300000 4300000 6100000 100000 200000 300000 100000 100000 200000 100000 200000 300000 3700000 5800000 8900000 5500000 5300000 6900000 6400000 4000000.0 5000000.0 -400000 -1700000 -6300000 -1600000 -1800000 -1100000 -800000 -700000 -500000 3800000 5900000 8800000 4800000 4900000 6900000 6600000 3700000 5000000.0 100000 800000 3200000 1000000.0 1000000.0 200000 100000 200000 0.0 200000 800000 3200000 1300000 1200000 900000 500000 800000 500000 3200000 7600000 16500000 5800000 5900000 9000000.0 9500000 7300000 7000000.0 -300000 -5200000 -28700000 -8700000 -6200000 -6900000 -5500000 -6200000 -6600000 2800000 7200000 18100000 4000000.0 3800000 8800000 6500000 7300000 5600000 200000 1500000 7200000 2200000 2300000 1200000 2100000 1400000 2400000 400000 1600000 12900000 6500000 4700000 2700000 1300000 3200000 3000000.0 100000 2500000 7000000.0 1800000 1300000 3200000 5100000 1600000 2600000 18700000 -30000.00 17600000 0.99 0.99 0.99 P1D 598500000 662900000 751900000 690100000 747700000 687500000 705000000.0 749500000 -155900000 -258400000 -265600000 -206600000 -386400000 -268600000 -416600000 -444700000 158300000 177300000 205800000 177600000 412000000.0 235200000 348400000 380200000 486000000.0 597700000 648700000 572400000 571700000 594400000 580400000 642900000 110100000 146300000 163000000.0 146700000 150400000 126500000 192800000 171100000 561000000 169000000 50000000 1087000000 614000000 104000000 49000000 570000000 57000000 257000000 225000000 1 0.99 P1D 147000000 127000000 171000000 0.75 0.80 5 <div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount weighted applicable</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash and reserves available at central banks</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150,883 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">188,745 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">217,935 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">173,744 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">150,912 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">119,043 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2A</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,726 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,696 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">4,236 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Marketable assets Level 2B</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,584 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,951 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,814 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total high-quality liquid assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">337,937</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">351,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">348,028</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 150883000000 188745000000 217935000000 173744000000 150912000000 119043000000 5726000000 4696000000 4236000000 7584000000 6951000000 6814000000 337937000000 351304000000 348028000000 <div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:47.048%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.183%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.186%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">High-quality liquid assets-HQLAs (numerator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301,618</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">315,524</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">348,028</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total net cash outflows (denominator)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">208,388</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">206,889</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">209,892</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash outflows</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">287,044</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">278,760</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">282,982</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Cash inflows</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">78,656</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71,871</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">73,090</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Consolidated LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">145</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">153</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">166</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Group LCR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">155</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">168</span></td><td style="background-color:#ffffff;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.75pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NSFR ratio (%)</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">126</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">123</span></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table></div> 301618000000 315524000000 348028000000 208388000000 206889000000 209892000000 287044000000 278760000000 282982000000 78656000000 71871000000 73090000000 1.45 1.53 1.66 1.55 1.68 1.26 1.26 1.23 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The residual maturities of the liabilities associated with the assets and guarantees received and committed are presented below, as of 31 of December of 2025 (EUR billion):</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:12.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.381%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.574%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Residual maturities of the liabilities</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Unmatured</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&lt;=1month</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 month<br/>&lt;=3 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;3 months<br/>&lt;=12 months</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;1 year<br/>&lt;=2 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;2 years<br/>&lt;=3 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3 years<br/>&lt;=5 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5 years<br/>&lt;=10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">&gt;10 years</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Committed assets</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">24.2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">50.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.1 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38.8 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">29.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">37.7 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36.6 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">306.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Guarantees received committed</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">61.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.0 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.9 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.1 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185.2 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 24200000000 50700000000 14100000000 38400000000 38800000000 29500000000 37700000000 36300000000 36600000000 306400000000 2200000000 85200000000 28200000000 61800000000 4000000000.0 800000000 1900000000 1100000000 0 185200000000 <div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The reported Group information as required by the EBA at 2025 year-end is as follows:</span></div></div><div style="display:inline-block;max-width:3.913%;min-width:2.913%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:48.044%"></div></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.871%"><tr><td style="width:1.0%"></td><td style="width:31.937%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.640%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.643%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#ec0000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">On-balance-sheet encumbered assets</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Carrying amount of unencumbered assets</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of unencumbered assets</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">152.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,149.4 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">117.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">118.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">182.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">180.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">212.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">304.9</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1,562.7</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ebebeb;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr></table></div><div style="display:inline-block;vertical-align:top;width:48.043%"><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbrance of collateral received</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of encumbered collateral received or own debt securities issued</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Fair value of collateral received or own debt securities issued available for encumbrance</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Collateral received</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">185.2 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70.3 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Loans and advances</span></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.5 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Equity instruments</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt securities</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collateral received</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">0.1 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Own debt securities issued other than own covered bonds or ABSs</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.4</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1.1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:38.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.766%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Encumbered assets and collateral received and matching liabilities</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR billion</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Matching liabilities, contingent liabilities or securities lent</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets, collateral received and own debt securities issued other than covered bonds and ABSs encumbered</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total sources of encumbrance<br/>(carrying amount)</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">472.0</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">491.5</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div></div> 152500000000 1149400000000 11400000000 11400000000 18700000000 0 117900000000 118500000000 182200000000 180700000000 23100000000 212400000000 304900000000 1562700000000 185200000000 70300000000 500000000 0 12200000000 7100000000 172500000000 63100000000 0 100000000 1400000000 1100000000 472000000000.0 491500000000 304923000000 0.50 185160000000 2 491519000000 472045000000 0.231 2122932000000 0.0984 0.0450 0.0098 0.0250 0.0125 0.0055 0.0005 0.1166 0.1410 0.1346 The key regulatory capital figures are indicated below:<div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.474%"><tr><td style="width:1.0%"></td><td style="width:53.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.071%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Reconciliation of accounting capital with regulatory capital</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Subscribed capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share premium account</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,792 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,700 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,568 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">69,278 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Treasury shares</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(96)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,078)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Attributable profit</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14,101 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12,574 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,076 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Approved dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,698)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,532)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,298)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Shareholders’ equity on public balance sheet</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">141,144</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">135,197</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">130,443</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Valuation adjustments</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(37,973)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(36,596)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,020)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-controlling interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,578 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,726 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,818 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total Equity on public balance sheet</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">112,748</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">107,327</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">104,241</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(15,037)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,098)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(17,313)</span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible preference shares and participating securities</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,645 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,371 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Accrued dividend</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">C</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,827)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,611)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,471)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other adjustments</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:400;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">A</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(11,146)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,817)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,717)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier 1</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:5.2pt;font-weight:700;line-height:105%;position:relative;top:-2.8pt;vertical-align:baseline">B</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">94,383</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">90,172</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">85,742</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> </span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.29pt">Fundamentally for non-computable non-controlling interests and deductions and reasonable filters in compliance with CRR.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.23pt">Figures calculated by applying the transitional provisions of CRR 3.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%;padding-left:1.45pt">Assumes 25% of underlying profit, see note 4.a for proposed distribution of results.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Certain figures presented in this capital note have been rounded for ease of presentation. Consequently, the amounts corresponding to the rows or columns of totals in the tables presented in this note may not coincide with the arithmetic sum of the concepts or items that make up the total.</span></div><div style="padding-left:7.09pt;text-indent:-7.09pt"><span><br/></span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:4.55pt;font-weight:400;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">1 </span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Data calculated applying the transitional provisions of CRR 3.</span></div><div style="display:inline-block;vertical-align:top;width:48.044%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the capital coefficients and a detail of the eligible internal resources of the Group:</span></div><div style="margin-bottom:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Capital coefficients</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,739</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">79,800</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,741</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,645</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,371</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,002</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 eligible capital (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,460</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,418</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">16,497</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Risk-weighted assets (EUR million)</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">629,430</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">624,503</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">623,731</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 ordinary capital coefficient (CET 1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.46 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.78 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">12.30 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 additional capital coefficient (AT1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.53 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.66 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1.45 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 capital coefficient (TIER1)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15.00 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">14.44 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">13.75 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 2 capital coefficient (TIER 2)</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.77 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.95 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">2.64 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total capital coefficient</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.77</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16.39</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">%</span></td></tr></table><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:50.751%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:9pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Eligible capital</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Common Equity Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">84,739</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">79,800</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">76,741</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,345 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,576 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,092 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(-) Treasure shares and own shares financed</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,892)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,694)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,847)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Share Premium</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36,792 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">40,079 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">44,373 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reserves</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,663 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76,608 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">68,721 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other retained earnings</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(39,918)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(38,617)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(35,038)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Minority interests</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,037 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,479 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,899 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Profit net of dividends</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,576 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,431 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,307 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deductions</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,863)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(22,061)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21,766)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Goodwill and intangible assets</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15,037)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(15,957)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(17,220)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">   Others</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,826)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(6,104)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">(4,546)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Additional Tier I</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,645</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,371</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,002</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments AT1</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,937 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,725 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,461 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">AT1-excesses-subsidiaries</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">708 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">645 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">541 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Tier II</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">17,460</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">18,418</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">16,497</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Eligible instruments T2</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,754 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,869 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">17,101 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Excess IRB provision on PE</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">T2-excesses - subsidiaries</span></div></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(294)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(450)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(680)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total eligible capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">111,845</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">108,589</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">102,240</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7pt;font-weight:400;line-height:115%">Note: Banco Santander, S.A. and its affiliates had not taken part in any State aid programmes.</span></div></div> 7345000000 7576000000 8092000000 36792000000 40079000000 44373000000 84700000000 76568000000 69278000000 96000000 68000000 1078000000 14101000000 12574000000 11076000000 1698000000 1532000000 1298000000 141144000000 135197000000 130443000000 -37973000000 -36596000000 -35020000000 9578000000 8726000000 8818000000 112748000000 107327000000 104241000000 15037000000 16098000000 17313000000 9645000000 10371000000 9002000000 1827000000 1611000000 1471000000 11146000000 9817000000 8717000000 94383000000 90172000000 85742000000 0.25 84739000000 79800000000 76741000000 9645000000 10371000000 9002000000 17460000000 18418000000 16497000000 629430000000 624503000000 623731000000 0.1346 0.1278 0.1230 0.0153 0.0166 0.0145 0.1500 0.1444 0.1375 0.0277 0.0295 0.0264 0.1777 0.1739 0.1639 84739000000 79800000000 76741000000 7345000000 7576000000 8092000000 1892000000 1694000000 2847000000 36792000000 40079000000 44373000000 84663000000 76608000000 68721000000 -39918000000 -38617000000 -35038000000 9037000000 8479000000 6899000000 10576000000 9431000000 8307000000 21863000000 22061000000 21766000000 15037000000 15957000000 17220000000 6826000000 6104000000 4546000000 9645000000 10371000000 9002000000 8937000000 9725000000 8461000000 708000000 645000000 541000000 17460000000 18418000000 16497000000 17754000000 18869000000 17101000000 0 0 76000000 -294000000 -450000000 -680000000 111845000000 108589000000 102240000000 <div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.782%"><tr><td style="width:1.0%"></td><td style="width:40.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:7.5pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage</span></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Level 1 Capital</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,385 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">90,170 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">85,742 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exposure</span></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,924,349 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,885,572 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.25pt solid #9bc3d3;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,826,922 </span></td><td style="border-top:0.25pt solid #9bc3d3;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Leverage Ratio</span></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.90 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.78 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.69 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">%</span></td></tr></table></div> 94385000000 90170000000 85742000000 1924349000000 1885572000000 1826922000000 0.0490 0.0478 0.0469 29 5 0.01 2 0.0125 Additional disclosures<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">This note includes relevant information about additional disclosure requirements.</span></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:3pt;margin-top:9pt"><span id="ifcd6e767776e4c7cb70d6c36c2bfae2e"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">55.1 Parent company financial statements</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the summarized balance sheets of Banco Santander, S.A. as of 31 December 2025, 2024 and 2023. In the financial information of the Parent company, investments in subsidiaries, jointly controlled entities and associates are recorded at cost. As of 31 December 2025 we have reclassified assets associated with the businesses held for sale in Poland from 'Investment in affiliated companies' to 'Non-current assets held for sale' under the 'Other assets' item. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883" style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:322.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED BALANCE SHEETS (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and due from banks</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,292 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,665 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172,524 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,517 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,952 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,834 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading account assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154,939 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,758 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,296 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,217 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,230 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,325 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,607 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,191 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,137 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,697 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,005 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,229 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loans and leases</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,253 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301,937 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298,068 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,340 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,127 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,435 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment in affiliated companies</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,317 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,045 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,326 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71,796 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74,624 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74,016 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,521 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,421 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,310 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Premises and equipment, net</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,825 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,368 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,941 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,986 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,435 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">836,784</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">757,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415,898 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393,787 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">398,374 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,773 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,645 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,832 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,412 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,610 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,462 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,263 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,771 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,756 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,549 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,258 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,218 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,812 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">200,029 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,994 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,363 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,428 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,816 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,325 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,909 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,065 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">754,441</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">716,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">682,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stockholders' equity</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital stock</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retained earnings and other reserves</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,998</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">70,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,782</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total stockholders' equity</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,343</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,332</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities and Stockholders’ Equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">836,784</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">757,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023. Results associated with the businesses held for sale in Poland have been reclassified to 'Income/(charges) after tax from discontinued operations' for all periods presented. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883" style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"></td><td style="width:304.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED STATEMENTS OF INCOME (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,363 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,752 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,854 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest from earning assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,293 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,639 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,049 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends from affiliated companies</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,070 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">From bank subsidiaries</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,029 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">From non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,041 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,170)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,112)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,204)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income / (charges)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,193</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,640</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,650</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for credit losses</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,162)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,334)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,372)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income / (charges) after provision for credit losses</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,031</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,306</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,278</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,981 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,502 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,777 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest expense</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,848)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,552)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,662)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income before income taxes</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,164 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,073)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,091)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(533)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) for the period from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,092</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,167</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,860</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) after tax from discontinued operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,021 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">935 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net income</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,101</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,239</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"></td><td style="width:304.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NET INCOME</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,101</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,239</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER COMPREHENSIVE INCOME </span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(79)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">730</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified subsequently to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(101)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (effective portion)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges:</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains/(losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to initial carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations</span></div></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">425</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(333)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses) on pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(250)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax relating to items that will not be reclassified</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL COMPREHENSIVE INCOME</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,034</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:322.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED CASH FLOW STATEMENTS (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1. Cash flows from operating activities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,113 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,101 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,239 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,119)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,439)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,746)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60,570)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63,686)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,765)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,113 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,480 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,880)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reimbursements/payments of income tax</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(862)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(591)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(360)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from operating activities (1)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10,325)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,135)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,512)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2. Cash flows from investing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments (-)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,231)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,915)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,458)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Divestments (+)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,210 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,544 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,880 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from investment activities (2)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,979</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3. Cash flows from financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">578 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">485 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">649 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisition of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,865)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,740)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,974)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,852 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,625 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,636 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemption of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,310)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,615)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,813)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,341)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,017)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,261)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance/Redemption of equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(751)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collections/payments related to financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(300)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from financing activities (3)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13,227)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,313)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(929)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4. Effect of exchange rate changes on cash and cash equivalents (4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,099)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,256</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,044)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5. Net increase/decrease in cash and cash equivalents (1+2+3+4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,671)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27,563)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,063)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at beginning of period</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,457 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,020 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,083 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at end of period</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,786 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,457 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,020 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:3pt"><span id="i6de08f1d4e4e493fa824dcebd7740f22"></span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:11.5pt;font-weight:700;line-height:110%">55.2 Preference shares and preferred securities</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the balance of the preference shares and preferred securities as of 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:234.75pt"><tr><td style="width:1.0pt"></td><td style="width:86.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference shares</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">201</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">211</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preferred securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Both preference shares and preferred securities are recorded under the 'Financial liabilities at amortized cost - Subordinated Liabilities' caption in the consolidated balance sheet as of 31 December 2025, 2024 and 2023.</span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares include the financial instruments issued by the consolidated companies which, although equity for legal purposes, do not meet the requirements for classification as equity in the financial statements. These shares do not carry any voting rights and are non-cumulative. </span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares include non-cumulative preferred non-voting shares issued by Santander UK plc.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preferred securities include non-cumulative preferred non-voting securities issued by Banco Santander, S.A.</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For the purposes of payment priority, preferred securities are junior to all general creditors and to subordinated deposits. The payment of dividends on these securities, which have no voting rights, is conditional upon the obtainment of sufficient distributable profit and upon the limits imposed by Spanish banking regulations on equity.</span></div></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Preference shares and preferred securities are perpetual securities and there is no obligation that requires the Group to redeem them. All securities have been fully subscribed for by third parties outside the Group. </span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Santander Finance Preferred, S.A. (Unipersonal)- issuer of registered securities guaranteed by Banco Santander, S.A. until November 2017, merged in that month with Banco Santander, S.A.</span></div></div></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">For further information, see note </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_982" style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">23.c. 'Subordinated liabilities-other disclosures'.</a></span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:235.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:69.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:13.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference Shares Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in currency (million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Redemption <br/>Option (A)</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, October 1995</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.375%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, February 1996</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.3 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.375%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:238.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:13.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:42.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:57.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preferred Securities Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in <br/>currency<br/>(million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity date</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., January 2020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.375%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(B)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">999.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.750%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(C)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.125%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(D)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., September 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">994.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(E)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,149.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(F)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,349.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(G)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(H)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., August 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,494.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(I)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., July 2025</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(J)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:45pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Finance Preferred, S.A. (Unipersonal), September 2004</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">€CMS 10 + 0.05% subject to a maximum distribution of 8% per annum</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:107.25pt"><tr><td style="width:1.0pt"></td><td style="width:105.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Payment is subject to certain conditions and to the discretion of Banco Santander. The 9.625% interest rate is set for the first five years and six months, revised every 5 years thereafter by applying a margin of 530.6 basis points on the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">G. Payment is subject to certain conditions and to the discretion of Banco Santander. The 9.625% interest rate is set for the first ten years, revised every 5 years thereafter by applying a margin of 529.8 basis points on the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">H. Payment is subject to certain conditions and to the discretion of Banco Santander. The 7.00% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 443.2 basis points on the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">I. Payment is subject to certain conditions and to the discretion of Banco Santander. The 8.00% interest rate is set for the first ten years, revised every 5 years thereafter by applying a margin of 391.1 basis points on the 5-year mid-swap rate</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">J. Payment is subject to certain conditions and to the discretion of Banco Santander. The 6.00% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 381.9 basis points on the 5-year mid-swap rate.</span></div> <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the summarized balance sheets of Banco Santander, S.A. as of 31 December 2025, 2024 and 2023. In the financial information of the Parent company, investments in subsidiaries, jointly controlled entities and associates are recorded at cost. As of 31 December 2025 we have reclassified assets associated with the businesses held for sale in Poland from 'Investment in affiliated companies' to 'Non-current assets held for sale' under the 'Other assets' item. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883" style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div><div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:322.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED BALANCE SHEETS (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#6f7779;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and due from banks</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">144,292 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">157,665 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">172,524 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">11,517 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,952 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,834 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 7pt 2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Trading account assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">154,939 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">135,758 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">102,296 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">91,217 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">77,230 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">63,325 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">13,607 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,191 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">16,137 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,697 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,005 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,229 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net loans and leases</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">323,253 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">301,937 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">298,068 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">23,340 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">21,127 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">22,435 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investment in affiliated companies</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">98,317 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100,045 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">99,326 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">71,796 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74,624 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">74,016 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,521 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,421 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">25,310 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Premises and equipment, net</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,825 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,219 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,368 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">18,941 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,986 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">15,435 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">836,784</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">757,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#424242;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Deposits</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">415,898 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">393,787 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">398,374 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">8,773 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,645 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,832 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">26,412 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">19,176 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">14,610 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Short-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,462 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">88,263 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">70,771 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Long-term debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">114,756 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">137,549 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">129,258 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Total debt</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">244,218 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">225,812 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">200,029 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">3,994 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">100 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">To non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,363 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">2,428 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,816 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">94,325 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">96,909 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84,065 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">754,441</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">716,508</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">682,468</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Stockholders' equity</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Capital stock</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,345</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">7,576</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,092</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Retained earnings and other reserves</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,998</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">70,756</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">66,782</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total stockholders' equity</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">82,343</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">78,332</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">74,874</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total liabilities and Stockholders’ Equity</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">836,784</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">794,840</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">757,342</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 144292000000 157665000000 172524000000 11517000000 5952000000 6834000000 154939000000 135758000000 102296000000 91217000000 77230000000 63325000000 13607000000 16191000000 16137000000 1697000000 1005000000 1229000000 323253000000 301937000000 298068000000 23340000000 21127000000 22435000000 98317000000 100045000000 99326000000 71796000000 74624000000 74016000000 26521000000 25421000000 25310000000 5825000000 6219000000 6368000000 18941000000 15986000000 15435000000 836784000000 794840000000 757342000000 415898000000 393787000000 398374000000 8773000000 6645000000 7832000000 26412000000 19176000000 14610000000 129462000000 88263000000 70771000000 114756000000 137549000000 129258000000 244218000000 225812000000 200029000000 3994000000 100000000 0 1363000000 2428000000 1816000000 94325000000 96909000000 84065000000 754441000000 716508000000 682468000000 7345000000 7576000000 8092000000 74998000000 70756000000 66782000000 82343000000 78332000000 74874000000 836784000000 794840000000 757342000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023. Results associated with the businesses held for sale in Poland have been reclassified to 'Income/(charges) after tax from discontinued operations' for all periods presented. See </span><span style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline"><a href="#i6fd1dd5c1fb542c1b16bf0ed6ef93e27_883" style="color:#0000ff;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%;text-decoration:underline">note 3</a></span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%"> above.</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"></td><td style="width:304.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended</span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED STATEMENTS OF INCOME (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,363 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">34,752 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31,854 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest from earning assets</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">25,293 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,639 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">23,049 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends from affiliated companies</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,070 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7,113 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8,805 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">Of which:</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">From bank subsidiaries</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">5,029 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">6,248 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">7,790 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">From non-bank subsidiaries</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,041 </span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">865 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:105%">1,015 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Interest expense</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(18,170)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20,112)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16,204)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income / (charges)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,193</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,640</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">15,650</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Provision for credit losses</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,162)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,334)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,372)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest income / (charges) after provision for credit losses</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">12,031</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">13,306</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">14,278</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest income</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6,981 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,502 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4,777 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-interest expense</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(7,848)</span></td><td style="background-color:#f6f6f6;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,552)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(9,662)</span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income before income taxes</span></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,164 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,256 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ec0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ec0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,393 </span></td><td style="border-top:0.5pt solid #ec0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Tax expense or income from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,073)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,091)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(533)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) for the period from continuing operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,092</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,167</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">8,860</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Income/ (charges) after tax from discontinued operations</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,021 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">935 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">378 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Net income</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,101</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,239</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 31363000000 34752000000 31854000000 25293000000 27639000000 23049000000 6070000000 7113000000 8805000000 5029000000 6248000000 7790000000 1041000000 865000000 1015000000 18170000000 20112000000 16204000000 13193000000 14640000000 15650000000 1162000000 1334000000 1372000000 12031000000 13306000000 14278000000 6981000000 5502000000 4777000000 7848000000 8552000000 9662000000 11164000000 10256000000 9393000000 1073000000 1091000000 533000000 10092000000 9167000000 8860000000 1021000000 935000000 378000000 11113000000 10101000000 9239000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed statements of comprehensive income of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:488.25pt"><tr><td style="width:1.0pt"></td><td style="width:304.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">NET INCOME</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,113</span><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,101</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,239</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">OTHER COMPREHENSIVE INCOME </span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(79)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">730</span><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(57)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that may be reclassified subsequently to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(101)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">305</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">276</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations (effective portion)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">283 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Debt instruments at fair value with changes in other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(27)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">28 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">104 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">36 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(55)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">65 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">84 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">39 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash flow hedges:</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(100)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">409 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">284 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains/(losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(79)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">140 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(70)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(21)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">269 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">354 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to initial carrying amount of hedged items</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Hedges of net investments in foreign operations</span></div></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Exchange differences</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Revaluation gains (losses)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(299)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Amounts transferred to income statement</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other reclassifications</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Non-current assets held for sale</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">42 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(132)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(112)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Items that will not be reclassified to profit or loss</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">21</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">425</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(333)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Actuarial gains/(losses) on pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">30 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(16)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(14)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other recognised income and expense of investments in subsidiaries, joint ventures and associates</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">100 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">262 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(250)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Gains or losses resulting from the accounting for hedges of equity instruments measured at fair value through other comprehensive income, net</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedged item)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(76)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">20 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(31)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of equity instruments measured at fair value through other comprehensive income (hedging instrument)</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">76 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(20)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">31 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:21pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Changes in the fair value of financial liabilities at fair value through profit or loss attributable to changes in credit risk</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(136)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">247 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(107)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Income tax relating to items that will not be reclassified</span></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(68)</span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #ebebeb;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #ebebeb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">38 </span></td><td style="border-top:0.5pt solid #ebebeb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">TOTAL COMPREHENSIVE INCOME</span></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">11,034</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,831</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,182</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #cc0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 11113000000 10101000000 9239000000 -79000000 730000000 -57000000 -101000000 305000000 276000000 283000000 0 0 283000000 0 0 0 0 0 0 0 0 -27000000 28000000 104000000 36000000 -55000000 65000000 63000000 -84000000 -39000000 0 0 0 -100000000 409000000 284000000 -79000000 140000000 -70000000 21000000 -269000000 -354000000 0 0 0 0 0 0 0 0 0 -299000000 0 0 -299000000 0 0 0 0 0 0 0 0 0 0 0 -42000000 132000000 112000000 21000000 425000000 -333000000 30000000 -16000000 -14000000 0 0 0 100000000 262000000 -250000000 0 0 0 -76000000 20000000 -31000000 76000000 -20000000 31000000 -136000000 247000000 -107000000 -27000000 68000000 -38000000 11034000000 10831000000 9182000000 <div style="margin-bottom:9pt;padding-right:263.62pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">Following are the condensed cash flow statements of Banco Santander, S.A. for the years ended 31 December 2025, 2024 and 2023.</span></div><div style="margin-bottom:15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:322.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Year ended </span></td></tr><tr style="height:21pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">CONDENSED CASH FLOW STATEMENTS (Parent company only)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2025</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2024</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">31 December 2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">1. Cash flows from operating activities</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Consolidated profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">11,113 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,101 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,239 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Adjustments to profit</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,119)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,439)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,746)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating assets</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(60,570)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(63,686)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,765)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Net increase/decrease in operating liabilities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">41,113 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">27,480 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(6,880)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Reimbursements/payments of income tax</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(862)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(591)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(360)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from operating activities (1)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(10,325)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(31,135)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(8,512)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2. Cash flows from investing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Investments (-)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(4,231)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,915)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(5,458)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Divestments (+)</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,210 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9,544 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10,880 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from investment activities (2)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4,979</span><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">6,629</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5,422</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">3. Cash flows from financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Disposal of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">578 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">485 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">649 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Acquisition of own equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,865)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,740)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,974)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,852 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,625 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">5,636 </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Redemption of debt securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(8,310)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,615)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(1,813)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Dividends paid</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,341)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(3,017)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(2,261)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Issuance/Redemption of equity instruments</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(751)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">— </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Other collections/payments related to financing activities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(141)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(300)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(166)</span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total net cash flows from financing activities (3)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(13,227)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,313)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(929)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">4. Effect of exchange rate changes on cash and cash equivalents (4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(4,099)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2,256</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(1,044)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">5. Net increase/decrease in cash and cash equivalents (1+2+3+4)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(22,671)</span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(27,563)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">(5,063)</span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at beginning of period</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,457 </span></td><td style="background-color:#f6f6f6;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,020 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">130,083 </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Cash and cash equivalents at end of period</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#990000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">74,786 </span></td><td style="background-color:#f6f6f6;border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">97,457 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">125,020 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 11113000000 10101000000 9239000000 -1119000000 -4439000000 -3746000000 -60570000000 -63686000000 -6765000000 41113000000 27480000000 -6880000000 862000000 591000000 360000000 -10325000000 -31135000000 -8512000000 4231000000 2915000000 5458000000 9210000000 9544000000 10880000000 4979000000 6629000000 5422000000 0 0 0 578000000 485000000 649000000 3865000000 3740000000 2974000000 1852000000 5625000000 5636000000 8310000000 3615000000 1813000000 3341000000 3017000000 2261000000 0 751000000 0 -141000000 -300000000 -166000000 -13227000000 -5313000000 -929000000 -4099000000 2256000000 -1044000000 -22671000000 -27563000000 -5063000000 97457000000 125020000000 130083000000 74786000000 97457000000 125020000000 <div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8.6pt;font-weight:400;line-height:130%">The following table shows the balance of the preference shares and preferred securities as of 31 December 2025, 2024 and 2023:</span></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:234.75pt"><tr><td style="width:1.0pt"></td><td style="width:86.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:43.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">EUR million</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">2023</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference shares</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">201</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">211</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">202</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preferred securities</span></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,103</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,821</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #dfdfdf;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #dfdfdf;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,081</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-top:0.5pt solid #dfdfdf;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Total</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,304</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">10,032</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">9,283</span><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%"> </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.5pt solid #cc0000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 201000000 211000000 202000000 10103000000 9821000000 9081000000 10304000000 10032000000 9283000000 <div style="margin-bottom:6pt;padding-left:7.09pt;text-indent:-7.09pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:235.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:69.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:13.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preference Shares Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in currency (million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Redemption <br/>Option (A)</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, October 1995</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.3 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.375%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander UK plc, February 1996</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Pounds Sterling</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">80.3 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">10.375%</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">No option</span></td></tr></table></div><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:506.25pt"><tr><td style="width:1.0pt"></td><td style="width:238.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:13.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:42.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:1.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:57.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Outstanding at 31 December 2025</span></td></tr><tr style="height:29pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Preferred Securities Issuer/Date of issue</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Currency</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Amount in <br/>currency<br/>(million)</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Interest rate</span></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:700;line-height:105%">Maturity date</span></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #cc0000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., January 2020</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,032.4 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.375%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(B)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">999.9 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.750%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(C)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">749.2 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">4.125%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(D)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., September 2021</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">994.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">3.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(E)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,149.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(F)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., November 2023</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,349.7 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">9.625%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(G)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., May 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">7.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(H)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., August 2024</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">US Dollar</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,494.5 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">8.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(I)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Banco Santander, S.A., July 2025</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">1,500.0 </span></td><td style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">6.00%</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">(J)</span></td><td colspan="3" style="border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr><tr style="height:45pt"><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:justify;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Santander Finance Preferred, S.A. (Unipersonal), September 2004</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Euro</span></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">143.8 </span></td><td style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">€CMS 10 + 0.05% subject to a maximum distribution of 8% per annum</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #ec0000;border-top:0.25pt solid #9c9c9c;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Santander Text',sans-serif;font-size:8pt;font-weight:400;line-height:105%">Perpetuity</span></td></tr></table></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.360%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:107.25pt"><tr><td style="width:1.0pt"></td><td style="width:105.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="padding-left:7.09pt"><span><br/></span></div></div><div style="display:inline-block;max-width:7.277%;min-width:6.277%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.363%"></div></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">A.From these dates the issuer can redeem the shares, subject to prior authorization by the national supervisor.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">B. Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.375% interest rate is set for the first six years. After that, it will be reviewed every 5 years by applying a margin of 453.4 basis point on the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">C.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.750% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 375.3 basis points over the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">D.Payment is subject to certain conditions and to the discretion of Banco Santander. The 4.125% interest rate is set for the first seven years, revised every 5 years thereafter by applying a margin of 431.1 basis points over the applicable 5-year Euro mid-swap.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">E. Payment is subject to certain conditions and to the discretion of Banco Santander. The 3.625% interest rate is set for the first eight years, revised every 5 years thereafter by applying a margin of 376 basis points over the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">F. Payment is subject to certain conditions and to the discretion of Banco Santander. The 9.625% interest rate is set for the first five years and six months, revised every 5 years thereafter by applying a margin of 530.6 basis points on the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">G. Payment is subject to certain conditions and to the discretion of Banco Santander. The 9.625% interest rate is set for the first ten years, revised every 5 years thereafter by applying a margin of 529.8 basis points on the 5-year UST rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">H. Payment is subject to certain conditions and to the discretion of Banco Santander. The 7.00% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 443.2 basis points on the 5-year mid-swap rate.</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">I. Payment is subject to certain conditions and to the discretion of Banco Santander. The 8.00% interest rate is set for the first ten years, revised every 5 years thereafter by applying a margin of 391.1 basis points on the 5-year mid-swap rate</span></div><div style="padding-left:3.97pt;text-indent:-3.97pt"><span style="color:#000000;font-family:'Santander Text Light',sans-serif;font-size:7pt;font-weight:400;line-height:115%">J. Payment is subject to certain conditions and to the discretion of Banco Santander. The 6.00% interest rate is set for the first six years, revised every 5 years thereafter by applying a margin of 381.9 basis points on the 5-year mid-swap rate.</span></div> 80300000 0.10375 80300000 0.10375 1032400000 0.04375 999900000 0.04750 749200000 0.04125 994000000.0 0.03625 1149000000 0.09625 1349700000 0.09625 1500000000 0.0700 1494500000 0.0800 1500000000 0.0600 143800000 0.0005 0.08 0.04375 P6Y P5Y 0.04534 P5Y 0.04750 P6Y P5Y 0.03753 P5Y 0.04125 P7Y P5Y 0.04311 P5Y 0.03625 P8Y P5Y 0.0376 P5Y 0.09625 P5Y 0.05306 P5Y 0.09625 P10Y P5Y 0.05298 P5Y 0.0700 P6Y P5Y 0.04432 P5Y 0.0800 P10Y P5Y 0.03911 P5Y 0.0600 P6Y P5Y 0.03819 P5Y Includes EUR -486 million at 31 December 2025 (EUR -1,225 and EUR -1,016 at 31 December 2024 and 2023, respectively) derived from the net loss generated in Argentina as a result of the application of IAS 29 Financial reporting in hyperinflationary economies.